The facility is characterized by an unsecured credit facility that can be used repeatedly according to the group's needs for five years. <The credit facility is unsecured and can be used repeatedly as needed over five years as part of ROSHN's financing strategy, which will be allocated to ROSHN's overall objectives. The credit facility will be used to fund ROSHN's expansion and growth plans.
ROSHN's Chief Executive Officer (CEO), Chief Financial Officer (CFO), said the credit facility will be used to finance the Group's expansion and growth plans.
ROSHN's Chief Financial Officer (CFO), Mr. Abdulrahman Al-Sabah, said. <Avinash Panjarkar, Chief Financial Officer of the ROSHN Group, said: ROSHN: “This syndicated financing is a testament to the confidence the market has in ROSHN Group and the real estate sector in the Kingdom, and our banking partners have praised ROSHN Group's progress in its real estate projects across the Kingdom, contributing to the goals of Saudi Vision 2030, and ROSHN intends to use this financing in the coming years to further advance its ambitious strategy."
ROSHN Group's Chief Financial Officer, Avinash Panjarkar said.
