PROJECT

Projects

Summary of Investment Information

Project Number

34639

Company Name

Saudi Home Loans Company

Date SPI Disclosed

May 4, 2015

Country

Saudi Arabia

Region

Middle East

Projected Board Date

Jun 16, 2015

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Aug 27, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Oct 29, 2015
Signed : May 31, 2016
Invested : Dec 7, 2017

Sector

Primary Mortgage Institutions

Project Description

The Project entails providing a long term loan facility to Saudi Home Loan Company (“SHL” or the “Company”) to support SHL in growing its housing finance portfolio, and in turn support the housing finance sector in the Kingdom of Saudi Arabia (“KSA”).
SHL is a closed Joint Stock Company established in 2007 with an authorized capital of US$533.3 million (SAR2 billion). The Company is a specialized Shariah-compliant housing finance company headquartered and operating solely in KSA with its main operations including financing the purchase of houses and residential land and apartments within KSA.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation