Staff Writer
The Saudi Tadawul-listed real estate developer Knowledge Economic City (KEC) has secured Shariah-compliant project financing of up to SAR152 million ($40.44 million) from The Saudi Investment Bank (SAIB) to complete the construction of its Educational Complex project.
The financing facility has a tenor of 15 years.
The company’s shares gained 12.17% YTD.
(Writing by Ahmad Mousa; editing by Brinda Darasha)
Ahmad.mousa@lseg.com
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