Saudi Home Loans Company announced the signing of a Sharia-compliant banking facilities agreement with Arab National Bank. Financing amount: A fixed-term tawarruq financing limit (on demand) in the amount of SAR 500 million. Financing duration: 5 year.

Guarantees offered for the financing: A promissory note for the total amount of the facility. Financing objective: Assignment of receivables and related sukuk to cover 105% of the outstanding balance of the facilities. The purpose of this facility is to expand and increase the company's sales volume through new originated loans to its customers, in line with the company's strategy and future plans.