Saudi PIF unit KAFD DMC closes $3.2bln Islamic financing deal

King ​Abdullah Financial District ⁠Development and Management Company ‌has closed a 12 billion riyal ($3.2 ​billion) Murabaha Islamic financing facility, the first ​debt financing secured ​by the subsidiary of Saudi Arabia's Public Investment Fund ⁠independently of its state backer, according to a statement on Monday. The 15-year senior-secured facility ​was…