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Consumer Lending Market Overview Survey 2021 To 2025|Samba Financial Group, Banque Saudi Fransi, Riyad Bank, National Commercial Bank – KSU


/Consumer Lending Market Overview Survey 2021 To 2025|Samba Financial Group, Banque Saudi Fransi, Riyad Bank, National Commercial Bank
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Consumer Lending Market Overview Survey 2021 To 2025|Samba Financial Group, Banque Saudi Fransi, Riyad Bank, National Commercial Bank
tanmayMay 14, 2021
4
Consumer Lending market is inclusive of an in-depth evaluation of this industry, and a commendable brief of its segmentation. The report, in a nutshell, incorporates a basic overview of the market with respect to its current status and the market size, with regards to its volume and revenue. Also, the study is inclusive of a summary of important data considering the regional scope of the industry as well as the firms that seem to have strongly established their position across the Consumer Lending market. ....

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Saudi Red Sea Project Secures $3.8 Billion Green Loan


Wednesday, 28 April, 2021 - 11:00
Saudi Red Sea project receives the first green credit facility from Saudi banks (Asharq Al-Awsat)
Riyadh - Asharq Al-Awsat
Saudi Arabia’s Red Sea Development Company (TRSDC) has secured a $3.77 billion ‘green’ loan from four Saudi banks.
The company said that the 15-year term loan and revolving credit facility was signed with Banque Saudi Fransi, Saudi British Bank (SABB), Riyad Bank, and Saudi National Bank (SNB).
The loan is green finance, the first of its kind in a Saudi riyal-denominated loan facility, said the statement, adding that the accreditation was awarded due to its market-leading approach to social and environmental sustainability and the Red Sea Project’s international recognition as a green project. ....

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Saudi Red Sea project secures $3.8bn 'green' loan for new hotels


DUBAI: Saudi Arabia’s flagship tourism project developer, The Red Sea Development Company (TRSDC), has raised a SR14.12 ($3.77 billion) ‘green’ loan from four Saudi banks for 16 new hotels, Chief Executive John Pagano told Reuters on Tuesday.
The hotels form part of a new high-end tourism development across islands, deserts and mountains near the country’s west coast, powered by renewable energy. It will include an airport and housing as well as businesses, shops and leisure facilities.
“It’s a green finance, which is the first of its kind in a Saudi riyal-denominated loan facility, so we’re very proud of that fact. It also helps the banks with their own ESG (environmental, social and governance) credentials,” he said. ....

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Saudi Red Sea project secures $3.8 billion 'green' loan for new hotels


Saudi Red Sea project secures $3.8 billion green loan for new hotels
Reuters
1 hr ago
By Yousef Saba and Saeed Azhar
DUBAI, April 27 (Reuters) - Saudi Arabia s flagship tourism project developer, The Red Sea Development Company (TRSDC), has raised a 14.12 billion-riyal ($3.77 billion) green loan from four Saudi banks for 16 new hotels, Chief Executive John Pagano told Reuters on Tuesday.
The hotels form part of a new high-end tourism development across islands, deserts and mountains near the country s west coast, powered by renewable energy. It will include an airport and housing as well as businesses, shops and leisure facilities.
It s a green finance, which is the first of its kind in a Saudi riyal-denominated loan facility, so we re very proud of that fact. It also helps the banks with their own ESG (environmental, social and governance) credentials, he said. ....

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Saudi developer clinches $3.7bn green loan for The Red Sea Project


Saudi developer clinches $3.7bn green loan for The Red Sea Project
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The financing is the first riyal-denominated credit facility to receive green financing accreditation
by Zainab Mansoor
April 27, 2021
The Red Sea Development Company (TRSDC), Saudi-based developer has closed a SAR14.12bn ($3.76bn) term loan facility and revolving credit facility with four Saudi banks, it announced today.
The financing is the first riyal-denominated credit facility to receive green financing accreditation. Banque Saudi Fransi, Riyad Bank, Saudi British Bank and Saudi National Bank acted as mandated lead arrangers, while HSBC served as green loan coordinator on the transaction. ....

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