ROSHN, through its real-estate asset management arm, has secured an SAR2 billion bilateral Islamic murabaha to refinance its headline acquisition of Riyadh Front, a 160,000 square metre retail-and-office destination that now carries the ROSHN brand and sits on the doorstep of the developer’s flagship Sedra community of 40,000 planned homes.
The financing stands out for its timing and structure. Rather than fund the purchase upfront, ROSHN first closed the acquisition with an intercompany loan and is now replacing the funds with bank debt.
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