PIF-owned Roshn secures $2.4bn to support expansion
Saudi real estate developer Roshn Group has secured a credit facility worth 9 billion Saudi riyals ($2.4 billion) from a consortium of banks.
The unsecured facility will be for a duration of five years to support the developer’s expansion and growth plans, it said in a statement.
The loan was secured from a group of banks - Saudi National Bank, Arab National Bank, Riyad Bank, Bank Al Bilad, Alinma Bank & Saudi Awwal Bank.
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