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FINANCIAL NEWS
Saudi EMAAR to raise USD266m for King Abdullah Economic City project
06 May 2014
(MENAFN) Emaar Economic City (EMAAR) will raise USD266 million to help finance the King Abdullah Economic City construction work and, in the following four years, spend USD3.462 billion on the project, according to Arab News.
Fahd Al-Rasheed, CEO of Emaar Economic City, said that Emaar Economic City plans to borrow the needed money from two or three banks before the end of 2016.
Al-Rasheed said: “We”re spending about SR13 billion over the next four years, which is a significant amount but we are doing a lot of it through sales. Our cash flow is healthy.”
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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