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Kaifad obtains 12B Riyal syndicated loan
The King Abdullah Financial District (KAFD) Management and Development Company announced that it has secured a syndicated financing arrangement worth 12 billion Saudi Riyals through a Murabaha contract for a period of 15 years. This marks its first direct financing transaction. The funding aims to support the district's development plans and diversify its sources of financing, reflecting investors' and the private sector’s confidence in KAFD’s future. It also enhances the company's ability to implement its long-term strategies in line with Saudi Arabia's Vision 2030.
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