Saudi Home Loans Company announced the signing of a Sharia-compliant banking facilities agreement with Riyad Bank. Date of obtaining the funding is January 4, 2023. Financing entity is Riyadh Bank.

Financing amount is Tawaruq credit facility limit of SAR 300 million. Treasury product limit of SAR 15 million. Financing duration is 3 years.

Financing objective: 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.