Page 21 - Finance Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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TRSDC secures $3.7bn funding for mega Red Sea project RIYADH, 3 hours, 18 minutes ago The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project in Saudi Arabia, has closed a SR14.120 billion ($3.76 billion) term loan facility and revolving credit facility with four Saudi banks.    The financing is the first Riyal-denominated credit facility to receive green financing accreditation, said a statement from TRSDC.   The Green Financing accreditation is governed by a Green Financing Framework aligned with the Green Bond Princip...

Four leading Saudi banks participate in first riyal-denominated green financing The Red Sea project is aiming for a complete transformation of an hitherto undeveloped location in the Kingdom. Image Credit: Supplied Dubai: A Saudi tourism project has secured one of the biggest ‘green’ financing to date – at a whopping 14.12 billion ($3.76 billion). The Red Sea Development Co. (TRSDC) will use these funds to part-finance its project – one of the Kingdom’s biggest tourism-focussed projects. Green financing is given to those projects that are built with s...

SATO Oyj SATO’s Annual Report and Sustainability Report for 2020: Success in energy-saving, organization adapted to respond even better to customer needs SATO’s Annual Report and Sustainability Report for 2020: Success in energy-saving, organization adapted to respond even better to customer needs SATO Corporation, Press release, 11 February 2021 at 2:15 pm SATO’s Annual Report and Sustainability Report for 2020 has been published. The uncertainty caused by the coronavirus pandemic during the reporting year was reflected in SATO’s business operations as an increase in tenant turnove...

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