Shalfa secures SAR 75M Shariah-compliant facilities from SAB

11/03/2026 Argaam- Nomu
Logo ofShalfa Facilities Management Co.

Logo of Shalfa Facilities Management Co.

Shalfa Facilities Management Co. signed on March 10 a Shariah-compliant credit facilities agreement with Saudi Awwal Bank (SAB) to support its operational activities and finance future projects.

 

In a statement to Tadawul, Shalfa said the facilities were obtained on March 10, under a one-year agreement valid from the signing date.

 

A promissory note was provided by the company as a guarantee.

 

The facilities will be used to issue bid bonds, performance guarantees, advance payment guarantees, letters of credit, and to finance project receivables.

 

The company also confirmed that no related parties are involved, Shalfa added.

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