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Emaar EC reschedules loan with consortium of Saudi banks
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Emaar EC reschedules loan with consortium of Saudi banks
Deal to reschedule $904m New credit facility with banks Debt to mature in 2033 Emaar the Economic City (Emaar EC), the developer of King Abdullah Economic City, has signed an agreement with four Saudi banks to reschedule a total of SAR3.4 billion ($904 million) in existing financing. The agreement also includes securing a new credit facility of SAR287 million from Alinma Bank, Saudi Awwal Bank, Banque Saudi Fransi and Saudi National Bank, Emaar …
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