Makkah for Construction renews 880m Riyal loan

Mecca Real Estate Development Company has renewed a financing facility worth 880 million Saudi riyals with Alinma Bank, aimed at supporting its strategic projects and providing necessary liquidity. Alinma Bank's offer was chosen because it was the most competitive in terms of terms and costs. The financing will be renewed every three months, provided that the competitive conditions are maintained. The guarantees provided include Saudi government bonds owned by the company. The company's activities mainly focus on real estate development, property management, and hotels, especially in Mecca.

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