-+ 0.00%
-+ 0.00%
-+ 0.00%

First Avenue for Real Estate Development Secures SAR100 Million in Sharia-compliant Funding

MT Newswires·07/19/2026 04:42:03
Listen to the news
04:42 AM EDT, 07/19/2026 (MT Newswires) -- First Avenue for Real Estate Development (SASE:9610) obtained 100 million Saudi riyals through Sharia-compliant banking facilities from The Saudi Awwal Bank. The real estate group will use the funding due in four years to further its expansion plans and real estate projects, according to a Sunday release.