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Saudi real estate weighs funding for project, chief says

Posted on 13 March 2013

Saudi Real Estate Co. (SRECO) may sell Islamic bonds or take out bank loans this year to finance a 5 billion-riyal ($1.3 billion) housing development north of Riyadh, its chief executive officer said.
“We are trying to ensure we can sell Islamic bonds, borrow from banks or get financing from real estate funds if we have to,” Fahad Al Said said in a March 10 telephone interview. “Off-plan sales make a lot of sense for residential development at the moment.”……………………………………….Full Article: Source


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