Saudi Arabia’s NEOM announced on Sunday that it has secured a new revolving credit facility (RCF) worth SAR10 billion. It represents another milestone for NEOM as it progresses with the development of major projects and will be used to support NEOM’s short-term financing requirements. The RCF, which follows a Murabaha structure, reflects a continuation of NEOM’s strategy to diversify its sources of funding.
Saudi Arabia s Fakeeh Care Group, one of the largest private hospital groups in the kingdom, has said it planned to proceed with an initial public offering (IPO) through the sale of a 21.47% stake in existing and new shares.
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