24 Jun 2013
According to Reuters, Arabian Centers Company Limited (ACCL) and Saudi FAS signed deals worth SR2.7bn and SR1.9bn respectively. The two units of Saudi Arabia’s Fawaz Alhokair Group will together account for SR4.6bn ($1.2 bn) of sharia-compliant financing facilities.
According to a statement by Muhanad Awad, chief executive of FAS capital, the transactions, which took almost a year to complete, represent complex structures that have never been used in Saudi before.
The deal was achieved with the help of Alinma Bank, Gulf International Bank, National Commercial Bank, Samba Financial Group, and Saudi Hollandi Bank. Alinma Bank served as the sole financier and King & Spalding as legal council. The funding will go towards real estate development.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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