TRSDC closes $3.76bn term loan facility and revolving credit facility with Saudi banks

The Red Sea Development Company (TRSDC) has announced that it has closed a $3.76 billion term loan facility and revolving credit facility...

Consultant

Bank Nizwa signs financing agreement for Omani campus of Arab Open University

Bank Nizwa, a leading Islamic bank in Oman, has announced the signing of an agreement with Arab Open University for the funding...

Construction

Experts endorse mortgage cap proposal

The proposed mortgage cap from the UAE Central Bank has received a strong endorsement from leading real estate experts in Dubai, quelling...

Construction

UAE banks to make formal proposal on mortgage caps

[caption id="attachment_13804" align="aligncenter" width="480"] UAE banks will ask the Central Bank to change mortgage limits which were introduced in December 2012.[/caption] RELATED...

Construction

Oman moves to support construction sector

Oman Housing Bank (OHB) has announced a government decision to waive bank and administrative fees for all borrowers from the bank to...

Construction

Saudi Binladin completes $267m sukuk issuance

Saudi Arabia’s largest construction company, Saudi Binladin Group (SBG) has completed the issuance of a $267m short-term Islamic bond, its third since...

Construction

Arkan agrees $381m debt refinancing deal with UAE banks

Arkan Building Materials Company, the UAE based provider of integrated building products and construction materials, announced on Wednesday that it had completed...