Emaar, The Economic City, the master developer of King Abdullah Economic City, has reached an agreement with leading Saudi bank SABB to reschedule its existing loan of SR976.2 million (260 million) out of the total outstanding SR2 billion ($532 million).
Emaar, The Economic City, the master developer of King Abdullah Economic City, has reached an agreement with leading Saudi bank SABB to reschedule its existing loan of SR976.2 million (260 million) out of the total outstanding SR2 billion ($532 million).
RIYADH: Aldar Properties, Abu Dhabi's biggest developer, has built up 6.8 billion dirhams ($1.85 billion) in capital, and is considering investments in large real estate portfolios to grow its management business, Bloomberg reported. Aldar has the resources to make purchases both in its home market and around the UAE, according to chief financial officer Greg Fewer. It is