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Kafed raises 12 billion riyals for expansion
King Abdullah Financial District (KAFD) Management and Development Company has secured a syndicated financing of 12 billion Saudi Riyals through a 15-year institutional Murabaha contract, marking the company's first direct financing transaction. This funding aims to support the development phases of the center and the implementation of its strategic priorities. It also reflects investors' confidence in KAFD’s fundamentals and the growing interest in financing major projects in Saudi Arabia. The facility was arranged by a group of local and regional financial institutions and serves as a testament to KAFD’s standing as a trusted investment destination both locally and regionally.
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