Riyad Bank has made a distinctive mark on Saudi Arabia’s real estate sector through a mix of strategic financing initiatives, collaborative projects and active participation in national programmes.
In a notable example of its real estate lending activity during the review period, the bank provided SR50 million ($13 million) in financing to Banan Real Estate Company. This five-year credit facility, secured by a promissory note and the continued mortgage of existing properties, supported the client’s business expansion.
Another headline achievement saw the bank introduce Riyad Real Estate Development Fund – Durrat Hitteen.
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