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Red Sea Global announces $288m Al Mutlaq JV debt finance deal

Red Sea Global (RSG), a key developer of the most ambitious regenerative tourism destinations in KSA, has achieved commercial close on a SR1.1 billion ($288 million) debt financing deal for its joint venture entity with Almutlaq Real Estate Investment.

GIB inks $107m project finance deal for new Jeddah hospital

Gulf International Bank (Saudi) has reached a SR400 million ($106.5 million) project finance deal with Saudi German Hospital for the construction of a 350-bed hospital in Jeddah. With 50% of the project work completed, it is due for operations in 2024.

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