Riyadh, Saudi Arabia — The Helicopter Company (THC), owned by the Public Investment Fund and the Kingdom’s top provider of helicopter services, has signed a SAR 600 million Islamic Credit Facility agreement with Arab National Bank (ANB). The deal strengthens THC’s growth strategy and financial resilience.

Announced on July 13, 2025, the financing is structured over an 8-year term. It provides THC with the flexibility to expand its services, pursue new initiatives, and grow its role in Saudi Arabia’s evolving aviation sector.

Supporting Long-Term Growth and Stability

THC stated that the new facility will support its long-term financial health and enable it to respond quickly to market opportunities. CEO Captain Arnaud Martinez noted that the funds will boost investment in key partnerships and global expansion plans.

“It’s about having the financial agility to act decisively in a dynamic aviation industry,” Martinez said. “This financing strengthens our ability to grow strategically.”

Moreover, the deal supports Vision 2030 by advancing air mobility across the Kingdom. ANB emphasized its commitment to backing national leaders and supporting economic diversification through Shariah-compliant financing.

 

 

THE SAUDI STANDARD’S VIEW: Islamic Financing Lifts THC and Aviation Goals

The SAR 600 million Islamic credit facility for The Helicopter Company (THC) is more than a funding deal—it’s a key driver of Saudi Arabia’s aviation ambitions and a strong sign of confidence in its maturing Islamic finance sector.

  • Shariah-compliant funding with strategic impact: The long-term Islamic structure reflects the growing depth of Saudi Arabia’s financial tools. It helps diversify debt sources while aligning with cultural and ethical values. This strengthens THC’s balance sheet without compromising financial principles.
  • Capital that supports Vision 2030 goals: As a PIF-owned firm, THC plays a central role in the Kingdom’s aviation roadmap. The funding will support fleet expansion, new service areas, and enhanced partnerships across both domestic and international markets.
  • Banking confidence in national growth: Arab National Bank’s involvement signals strong institutional trust in THC’s strategy and the overall strength of Saudi Arabia’s aviation sector. It shows how local banks can power Vision 2030 priorities through targeted, well-structured lending.
  • Financial flexibility for fast-moving sectors: The 8-year term provides THC with the flexibility to invest in future-ready services. From digital platforms to joint ventures, the company now has the capital to scale as Saudi air mobility continues to evolve.

In summary, Saudi Arabia’s aviation sector is climbing rapidly toward global status. With this Islamic credit facility, national institutions like ANB are not just supporting that rise—they are actively helping to chart the course.

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