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Saudi Arabia-listed SHL Finance Company has secured a banking facility worth SAR 200 million ($53.3 million) with Saudi Investment Bank.
The Sharia-compliant financing will be used to provide new loans to customers, as part of a strategy to boost revenues and support growth, SHL said on Monday.
The company secured the five-year financing by providing a promissory note and an assignment of receivables as guarantees.
(Writing by Cleofe Maceda; editing by Seban Scaria)
