Construction & Real Estate

ACICO Group completes key debt restructuring deal with two local banks

ACICO Group, a Kuwait-based building materials and construction company, said it has reached agreements with two local creditor banks to restructure its outstanding debt and financing obligations, thus bringing completed settlements to about 80% of the total creditor bank obligations. ...

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

Mubadala, Barings ink $500m global real estate debt partnership

Abu Dhabi-based Mubadala Investment Company and Barings, one of the world’s top investment managers, have entered into a $500 million global real estate debt partnership. The new JV will focus on investing in subordinated loans across real estate asset classes. ...