Riyadh – Mubasher: The Saudi National Bank (SNB) inked a Sharia-compliant credit facility agreement worth SAR 2 billion with Roshn Group, a wholly-owned company by the Saudi Public Investment Fund (PIF).
The group will use the loan to expand investments in mixed-use developments and finance its acquisition of Roshn Front, according to a statement.
“This step aligns with our vision of offering integrated destinations that seamlessly blend entertainment, work, and shopping, driving sustainable growth and elevating the quality of life across Saudi Arabia,” Roshn noted.
Roshn Group recently acted as the strategic partner of the Real Estate Future Forum in its fourth edition, which was held in Riyadh from 27-29 January 2025.
In October 2024, Roshn secured a SAR 9 billion ($2.40 billion) syndicated credit facility to support its growth and expansion plans.
