Shalfa signs SAR 75M credit facilities with SAIB

Shalfa Facilities Management Co. signed on March 16 a Shariah-compliant credit facilities agreement worth SAR 75 million with The Saudi Investment Bank (SAIB).

The financing period will end on Feb. 28, 2026, and will be covered by a promissory note, the company said in a statement on Tadawul.

The facility aims to issue initial guarantees, performance guarantees, advance payment guarantees, financing for project progress claims, site preparations, and documentary credit letters.

There are no related parties involved, Shalfa added.