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Saudi Arabia's Bonyan Reit raises 1.2bn riyals through Sharia-compliant loans

Bonyan Reit, a real estate investment trust managed by Riyadh-based Saudi Fransi Capital, raised 1.2 billion Saudi riyals (Dh1.18bn) as it looks to expand its property portfolio in the kingdom. Bonyan has already signed two separate agreements with Riyad Bank and Arab National Bank for the Shariah-compliant loan facilities, Saudi…

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