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Banque Saudi Fransi posts annual increase of 38.4% in net profits in H1

Banque Saudi Fransi posts annual increase of 38.4% in net profits in H1
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.

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TRSDC secures $3.7bn funding for mega Red Sea project


TRSDC secures $3.7bn funding for mega Red Sea project
RIYADH, 3 hours, 18 minutes
ago
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project in Saudi Arabia, has closed a SR14.120 billion ($3.76 billion) term loan facility and revolving credit facility with four Saudi banks. 
 
The financing is the first Riyal-denominated credit facility to receive green financing accreditation, said a statement from TRSDC.
 
The Green Financing accreditation is governed by a Green Financing Framework aligned with the Green Bond Principles (2018) and Green Loan Principles (2020) set out by the International Capital Markets Association (ICMA) and the Loan Market Association’s (LMA) respectively.  ....

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