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Imar Renews Public Investments Loan Through 2027
Emaar Economic City announced that the Public Investment Fund has approved an extension of the period during which the fund can make its loan available to the company until February 28, 2027, instead of September 18, 2026. This extension responds to the company's financial needs without any changes to the costs associated with the loan agreement, with the fund remaining a major party to it. It is worth noting that in March 2025, the company signed a binding agreement for a maximum loan of one billion riyals, having previously issued a non-binding term sheet in September 2024.
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