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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
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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