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NEOM secures $2.67bn new revolving credit facility

NEOM, a new urban area being built by Saudi Arabia, announced on Sunday that it has secured a new revolving credit facility (RCF) worth SAR10 billion ($2.67 billion).

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Saudi Arabia's NEOM secures $2.7bn syndicated loan

The facility will support NEOM’s short-term financing requirements as it advances the development of major projects such as THE LINE.

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NEOM secures SR10 billion revolving credit facility to support development initiatives

This new funding is set to bolster NEOM's liquidity for its ongoing development projects, ensuring the steady progression of infrastructure and other major initiatives within the region.

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NEOM Secures SAR10 Billion Financing Facility as Development Powers ahead

Saudi Arabia’s NEOM announced on Sunday that it has secured a new revolving credit facility (RCF) worth SAR10 billion. It represents another milestone for NEOM as it progresses with the development of major projects and will be used to support NEOM’s short-term financing requirements. The RCF, which follows a Murabaha structure, reflects a continuation of NEOM’s strategy to diversify its sources of funding.

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Saudi Arabia's top five banks - The Banker

Mortgage market prime for a comeback

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Saudi's Fakeeh Care Group to float 21.47pc stake through IPO

Saudi Arabia's Fakeeh Care Group, one of the largest private hospital groups in the kingdom, has said it planned to proceed with an initial public offering (IPO) through the sale of a 21.47% stake in existing and new shares.

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KSA Business: Saudi's Fakeeh Care Group to float 21.47pc stake through IPO

Saudi Arabia's Fakeeh Care Group, one of the largest

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Backbase ENGAGE 2024: The Big Shift in Banking in the Americas

Backbase ENGAGE 2024: The Big Shift in Banking in the Americas
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Backbase ENGAGE 2024: The Big Shift in Banking in the A...

Backbase ENGAGE 2024: The Big Shift in Banking in the A...
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Backbase ENGAGE 2024: The Big Shift in Banking in the Americas

Backbase ENGAGE 2024: The Big Shift in Banking in the Americas
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