- Financing facility tailored to PIF-owned The Helicopter Company’s evolving business requirements
- In line with Vision 2030, funds will contribute to the development of Saudi Arabia’s aviation sector, says THC’s CEO
- PIF’s strategy includes supporting the aviation industry’s global competitiveness
PIF-owned The Helicopter Company (THC) has recently signed a SAR 800 million Murabaha facility agreement with Gulf International Bank – Saudi Arabia (GIB – Saudi Arabia).
Compliant with Islamic finance principles, the Murabaha loan facility constitutes a considerable boost for THC’s financial capabilities and is structured with a long term repayment period of 10 years. This extended repayment duration is tailored to THC’s evolving business requirements, ensuring that the company will be well-positioned to efficiently address both its long-term and short-term financing needs.
Arnaud Martinez, CEO of The Helicopter Company, said: “The funds from this loan facility will support THC’s ongoing investments in high-quality, cutting-edge aircraft and infrastructure, contributing to the development of Saudi Arabia’s aviation sector, in line with Vision 2030.”
Abdulaziz Al Helaissi, Group CEO of GIB, said: “GIB-Saudi Arabia is pleased to extend this financing facility to The Helicopter Company during this exciting period of expansion for the company and the Kingdom’s aviation industry.”
In line with Vision 2030’s endeavors to diversify the national economy by developing strategic sectors, PIF is enabling a more resilient aviation ecosystem in Saudi Arabia and supporting the industry’s global competitiveness.
Compliant with Islamic finance principles, the Murabaha loan facility constitutes a considerable boost for THC’s financial capabilities and is structured with a long term repayment period of 10 years. This extended repayment duration is tailored to THC’s evolving business requirements, ensuring that the company will be well-positioned to efficiently address both its long-term and short-term financing needs.
Arnaud Martinez, CEO of The Helicopter Company, said: “The funds from this loan facility will support THC’s ongoing investments in high-quality, cutting-edge aircraft and infrastructure, contributing to the development of Saudi Arabia’s aviation sector, in line with Vision 2030.”
Abdulaziz Al Helaissi, Group CEO of GIB, said: “GIB-Saudi Arabia is pleased to extend this financing facility to The Helicopter Company during this exciting period of expansion for the company and the Kingdom’s aviation industry.”
In line with Vision 2030’s endeavors to diversify the national economy by developing strategic sectors, PIF is enabling a more resilient aviation ecosystem in Saudi Arabia and supporting the industry’s global competitiveness.
