SHL Finance renewed a USD 53.3 million (SAR 200M) credit facility with Saudi Investment Bank. Thus, giving the Saudi lender additional financing capacity as it expands its customer financing activities.

The five-year Shariah-compliant facility will support the company’s financing portfolio and expansion plans.

Why You Should Care

The renewal comes as SHL Finance continues to expand its financing portfolio, with its loan book already reaching SAR 4.69 billion in the first half of 2026. The new facility gives the company additional financing capacity as it looks to build on that growth. 

The renewed financing comes as SHL Finance continues to grow its lending business. Thus, giving the company additional room to support customer financing and build on the expansion of its portfolio

The Details

Founded in 2007, SHL Finance is a Sharia-compliant joint stock financing company. It provides financing solutions to address various needs ranging from owning assets to expanding business and investments.

SHL Finance renewed its existing Shariah-compliant credit facility with Saudi Investment Bank on September 21. The facility is worth USD 53.3 million (SAR 200M) and runs for five years. It is secured by a promissory note, with customer receivables assigned to the bank as security. 

The five-year Shariah-compliant facility is secured by a promissory note, with customer receivables assigned to the bank as additional security. 

The facility will support the company’s financing portfolio as it provides new financing to customers. Moreover, SHL Finance’s transaction falls within its ongoing dealings and ordinary course of business and follows prevailing commercial terms without preferential conditions. 

SHL Finance provides home and personal loans to individuals. Its loan portfolio reached SAR 4.69 billion in the first half of 2026, up 4.35% from a year earlier, while total assets stood at SAR 4.89 billion, an increase of 5.08%. 

The Ripple

The renewed facility comes as SHL Finance’s loan portfolio continues to expand. The additional financing capacity can support the company as it grows its customer financing activity and pursues its broader expansion plans. 

What to Watch

The focus now shifts to how SHL Finance deploys the renewed facility across its financing portfolio. Loan portfolio growth, customer financing activity, and asset growth will provide indicators of how the company’s financing capacity develops over the five-year facility period.