Knowledge Economic City Secures SAR 150M Shariah Financing

KEC

4310.SA

0.00

Knowledge Economic City Company announced on June 18, 2026 that it has secured SAR 150 million in Shariah-compliant financing from Riyad Bank, obtained on June 17, 2026. The one-year facility will serve as project financing for construction works of Cluster 1 and 2 of Phase 1 of the Islamic World District Project (IWD). The financing is secured by land mortgages and promissory notes, with funds to be utilized according to project needs.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96179&anCat=1&cs=4310&locale=ar

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