12B Riyals for King Abdullah Financial District Development

The King Abdullah Financial City Management and Development Company secured a financing facility of 12 billion riyals through a 15-year Islamic Murabaha contract, aimed at supporting the implementation of the center’s developmental strategies and the development of its assets. The loan was arranged by a group of local and regional financial institutions, including Al-Rajhi Bank, the Saudi Fransi Bank, and the National Commercial Bank. The facility aims to diversify funding sources and enable the next phase of development at the center.

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