SAUDI ARABIA: Red Sea International (RSI), a Saudi real estate services firm, has obtained Islamic banking facilities worth SAR392.2 million (US$104.58 million) from Riyadh Bank on the 17th December 2024. The facility has a tenor of three years and is guaranteed by a promissory note.
The funding will be used by the company to issue bank guarantees for a project signed with Webuild S.p.A. to build a staff camp.
