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الاقتصادية
Mecca Construction Hub extends 880M SAR loan
Mecca Construction and Development Company renewed a financing agreement worth 880 million Saudi riyals with AlJazira Bank, aimed at supporting its projects and providing the necessary liquidity. The bank’s offer was selected as the most competitive in terms of conditions and cost. The financing is renewed every three months, contingent upon ongoing competitiveness. The guarantee for the financing is Saudi government sukuk bonds. This move is part of the company's effort to strengthen its investments in the real estate and hospitality sectors, especially in Mecca.
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