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KAP signs SR2.7bn agreement with SABB, ANB for expansion
The financial agreement aims to move forward with the development and expansion of the King Abdullah Port’s facilities, thus meeting the growing demand for its services as a regional and international strategic gateway.
https://www.arabnews.com/node/981646/corporate-news
Signing Ceremony for c. USD 533mn Deal for King Abdullah Economic City Project Financing
King Abdullah Economic City (KAEC) announced the signing of a cooperation agreement with the Saudi British Bank (SABB), which aims to provide various Shariah-Compliant financing solutions from by the terms and financing criteria approved by the bank.
zawya.com/mobile/derault.cim/acistory
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Chairman, Najeeb Alissa Holdings Company
“This is to confirm that FinCorp Global which is headed by Mr. Ali Abrar has been working with us since 2022. The financing arranged by the company since then has amounted to SAR 1 billion+ in local facilities and USD 150 million+ in international financing facilities in USD and JPY.
The contribution by Mr. Ali has resulted in our company, Najeeb Autos (Suzuki Dealership in Saudi) achieving the top 10 status within 2 years and has reduced our financing costs by more than 40% (more is expected with the Off-Balance Sheet financing at 50% minimum financial cost reduction). Our revenues have grown more than 8 times in less than 2-years and we look forward to our partnership with FinCorp as key ‘game changing’ finance partner”
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