Shalfa Facilities Management gets Saudi Awwal Bank funding

12/03/2026 09:05 AST

Saudi-based Shalfa Facilities Management Company has announced the signing of a sharia-compliant credit facilities agreement with Saudi Awwal Bank to support the company's operational activities and fund its future projects.

The SAR75 million ($20 million) funding will be used for issuing bid bonds, performance guarantees, advance payment guarantees, letters of credit, project progress payment financing, stated Shalfa FM in its filing to Saudi bourse Tadawul.

Guarantees offered for the financing are based on promissory note issued by the company, it added.


Trade Arabia

News

Saudi factories and mines sector grows sharply in 2025, new licenses jump 23%

12/03/2026

Saudi Arabia's industrial and mining sectors surged in 2025, with 23 percent more licenses being issued than in the previous 12 months, according to official figures.

The 1,660 permits signe

Arab News

Most Viewed Companies

Ticker Price Volume

Valuation

SHALFA Sector Market
P/E
Price/BookValue

Top Related Companies

Ticker Price Change
CATRION 70.20 -2.30 (-3.18%)
MAHARAH 5.80 -0.20 (-3.34%)
SMASCO 5.20 -0.29 (-5.29%)
ALMAWARID 78.20 -2.10 (-2.62%)
TAMKEEN 46.08 -0.92 (-1.96%)

Recent News

Omantel Group's net profit surges 88% to RO371mn in 2025

12/03/2026

Oman Telecommunications Company (Omantel), the leading telecom services provider in Oman, has announced its financial and operating results for the year ended December 31, 2025, reporting solid growt

Muscat Daily

Bahri profit rises 12% to $647m in 2025 as oil shipping boosts earnings

12/03/2026

The National Shipping Co. of Saudi Arabia, also known as Bahri, posted a 12.07 percent increase in annual profit as stronger tanker earnings and higher global freight rates boosted results.

Arab News

Tecom shareholders approve $229m cash dividends for FY 2025

12/03/2026

Tecom Group has announced that its shareholders have approved the financial statements for the year ended December 31, 2025 and endorsed the Board of Directors' recommendation to distribute a cash di

Trade Arabia

flynas carries 15.8m passengers in 2025, expands global reach

12/03/2026

flynas reported strong financial and operational performance for the fourth quarter and full year ending December 2025.

The airline carried 15.8 million passengers in 2025, a 7% year-on-year

Trade Arabia

Retal secures $852m King Salman Park mixed-use project contract

12/03/2026

Saudi-based Retal Urban Development Company has announced that its consortium has secured a project contract worth SAR3.2 billion ($852 million) from King Salman Park Company to develop a predominant

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap