Saudi Arabia’s Red Sea project seeks loan in excess of 10 bln riyals-CEO
Red Sea Development Co, which is
backed by Saudi Arabia’s sovereign fund PIF, is seeking a loan
of more than 10 billion riyals ($2.67 billion) from four to five
local banks to finance tourism projects, its chief executive
John Pagano said.
backed by Saudi Arabia’s sovereign fund PIF, is seeking a loan
of more than 10 billion riyals ($2.67 billion) from four to five
local banks to finance tourism projects, its chief executive
John Pagano said.
Posted by Reuters
