PIF-Backed KAFD Secures Landmark $3.2 Billion Islamic Loan Without State Guarantee
King Abdullah Financial District Development and Management Company (KAFD DMC) has secured a 12 billion Saudi riyal ($3.2 billion) Murabaha financing facility, marking a significant milestone for the Riyadh-based development as it raises debt independently for the first time without direct backing from Saudi Arabia’s Public Investment Fund (PIF). The financing package, structured as a …
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