Shalfa renews SAR 294.7M credit facility with Riyad Bank

Shalfa says financing term ends on April 9, 2028

Shalfa Facilities Management Co. renewed its Shariah-compliant credit facility agreement with Riyad Bank, valued at SAR 294.73 million.

The financing term ends on April 9, 2028, Shalfa said in a statement to Tadawul, adding that it provided a promissory note as collateral.

The purpose of the financing is to provide Islamic funding for issuing bid bonds, performance bonds, advance payment guarantees, project receivable financing, and site preparation.