Amaala - Middle East News 247
July 13, 2024
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Amaala

GCC PRESS RELEASES Saudi Arabia

Red Sea Global Secures Financial Close on SAR 2 Billion Debt Financing with Riyad Bank

Red Sea Global (RSG), the developer behind the regenerative tourism destinations The Red Sea and Amaala, has announced the successful completion of a SAR 2 billion ($533 million) financing agreement with Riyad Bank. The financing supports RSG’s Joint Venture (JV) with Kingdom Holding Company (KHC), a prominent global investment company headquartered in Saudi Arabia, for