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Riyad Bank eyes $373 mln financing in property plan

Posted on 30 June 2009

From Aawsat.com: Saudi lender Riyad Bank 1010.SE said on Monday it would provide up to 1.4 billion riyals ($373 million) in financing for buyers into a property project partly led by Egypt’s Talaat Moustafa Group.

The bank signed an agreement on Sunday with Saudi-based property developer Thabat under which the lender will design Islamic-compliant packages for buyers into a project worth 6 billion riyals in the capital Riyadh……..Full Article: Source

 
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