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FINANCIAL NEWS
Jeddah Economic City Project acquires USD 0.95bn
16 Mar 2016
(MENAFN) ALINMA Jeddah Economic City Fund has acquired Shariah-compliant financing of more than USD 0.95bn, which is expected to take five years.
Furthermore, the objective of the financing is to offer funding to build and improve the infrastructure for phase one of the project.
The Jeddah Economic project will continue the building of Jeddah Tower which has reached its 37th floor in addition to developing real estate projects.
Additionally, Capital Market Authority (CMA) confirmed Shariah-compliant real-estate investment fund with a value of USD 2.23bn.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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