Construction & Real Estate

Saudi Electricity Company inks $4.3bn Islamic financing deal

Saudi Electricity Company (SEC) has signed a SAR16 billion ($4.27 billion) shari’ah-compliant financing facility with a group of regional banks including Saudi National Bank, Al Rajhi, Banque Saudi Fransi and Qatar International Islamic Bank, to refinance its existing debt. ...

Construction & Real Estate

Kuwaiti developer Mabanee inks $341m Islamic facility agreement

Leading Kuwaiti developer Mabanee has signed an Islamic financing agreement worth KD104.8 million ($341 million) with a 60-month tenor. These funds will be used to first settle the existing financing facilities and then boost liquidity for its activities. ...