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Saudi: SEC Secures $2 6 Billion in Local Syndicated Facility Agreement

PIF-owned ROSHN to build model residential districts in Saudi Arabia s Eastern Province

Riyadh: Saudi Arabia’s national real estate developer ROSHN has signed an agreement with the Eastern Province municipality to improve the area’s urban landscape and quality of life. According to the memorandum of understanding the two sides will collaborate on constructing model residential districts, as well as designing and implementing the urban code, infrastructure, and

Closing Bell: TASI sheds 0 12% as US Fed raises interest rates specter

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 13 points or 0.12 percent to close at 10,634.06 on Tuesday, trailing the global markets after US Federal Reserve officials issued a stark reminder that the interest rates would keep rising. While Nasdaq composite and Tokyo Stock Exchange gained 0.63 percent and 0.78 percent, respectively, leading stock markets such as

Closing Bell: TASI closes flat at 10,536 points as investors exercise caution

RIYADH: Saudi Arabia’s Tadawul All Share Index extended last week’s cautious stance as it closed flat or 0.05 points up to 10,536.91 on Sunday with no marked change in the global economic situation. Even as Friday’s US job reports registered a slight decline in growth in December, fueling speculations of a likely turnaround in the US Federal Reserve’s hawkish stance, the

Roshn seals $1 6bn project finance deal with top Saudi banks

Leading Saudi real estate developer Roshn has signed a working capital facility deal worth SR6 billion ($1.6 billion) with kingdom s top banks - SABB, Bank Albilad and Al Rajhi - in bid to obtain external funding for its integrated community projects.

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