Saudi's Kingdom Holding has raised $1bln in debt finance, to invest mainly in local market - CEO | ZAWYA MENA Edition:
Saudi Arabia’s Kingdom Holding has just raised $1 billion through international and domestic banks, and the firm is planning to decide on how to monetise its local real estate assets, with a decision due within three months, its chief executive said at a conference held in Abu Dhabi today.
“We have just signed term sheets for $1 billion with three international banks and two local banks,” Talal Ibrahim Al-Maiman, CEO of Kingdom Holding Company, said.
“2019 has been great to us. We’ve done the Careem deal; Lyft is going public; so we’ve made huge returns… the full power is ready to be employed into the local market mainly, but we’ll also keep the door open for potential international investments,” he said.
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