Emaar, the Economic City, the developer of King Abdullah Economic City in Jeddah, has appointed Abdulaziz Ibrahim Alnowaiser as its new CEO effective May 1. An industry veteran, he has extensive background in turnaround, finance and corporate governance.
Saudi Arabia’s Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) signed on Nov. 28 a financing agreement through which PIF has secured a term loan, from a syndicate of nine top international lenders. The financing carries a door-to-door tenor of 13 years and will initially be set at $3 billion (nearly SAR 11.2 billion), with an option to increase to $5 billion (nearly SAR 18.7 billion), subject to pre-agreed terms and conditions.
Saudi Arabia s PIF to list debut $3 5bn Islamic bonds on London Stock Exchange thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
PIF Announces Pricing Of Inaugural $3 5 Billion International Sukuk Issue menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.