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Saudi Red Sea International secures $104mln financing from Riyad Bank
Saudi Arabian modular house manufacturer Red Sea International has secured a 392.2 million riyal ($104.3 million) Shariah-compliant credit facility with Riyad Bank. The three-year financing is meant to support the construction of a staff camp. The facility is covered by a promissory note worth SAR 397,215,000 signed by Red Sea…
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