SHL Finance Company, formerly known as Saudi Home Loans Company, is a Saudi joint-stock company specializing in real estate and consumer financing. Established on December 11, 2007, the company rebranded in February 2023 to Sahl Finance. SHL operates under the supervision of the Saudi Central Bank (SAMA) and provides a wide range of financial services, including real estate financing, consumer financing, and financing for small and medium-sized enterprises (SMEs).
In 2022, SHL was listed on the Saudi Stock Exchange (Tadawul) under the symbol 1183, with ISIN SA15HG50IFH7, placing it in the banking sector of the main market.
Establishment
The company was established in 2007 following approval from the Minister of Commerce and Industry to announce the founding of the Saudi Home Loans Company as a closed joint-stock entity. At the time of its establishment, the company’s capital was SAR1 billion, with the founding partners subscribing to all its shares and paying their full value.
The founding partners included:
- Arab National Bank
- Dar Al-Arkan
- International Finance Corporation (IFC)
The company is headquartered in Riyadh City and was established for a duration of ninety-nine calendar years starting from the date of the ministerial decision, with the possibility of extension by resolution of the extraordinary general assembly.
Management
SHL Finance Company is governed by a board of directors consisting of eleven members, elected by the ordinary general assembly of shareholders. Each board serves a three-year term, providing oversight and strategic direction.
The company’s establishment and governance align with Saudi Arabia’s broader economic goals, particularly the Vision 2030 strategy, which seeks to expand the national economic base, diversify income sources, and empower the private sector to drive growth.
Activities
SHL Finance Company operates across three major financing segments:
- Real Estate Financing: Offering Sharia-compliant housing and property financing solutions tailored to individuals and companies.
- Consumer Financing: Providing loans and financial products to meet personal financing needs.
- SME Financing: Supporting small and medium-sized enterprises with tailored financing solutions to encourage entrepreneurship and economic diversification.
All operations are conducted in compliance with Islamic Sharia principles and the applicable laws under the Companies Law and the Finance Companies Control Law.
Market Position
As a publicly listed company on Tadawul, SHL Finance Company (Sahl Finance) has strengthened its credibility in the financial sector. Its regulatory compliance under SAMA, partnerships with established financial institutions, and diversified financing portfolio position it as a key player in Saudi Arabia’s evolving financial services market.
