Al Rajhi Bank raises $1.92B sustainability-linked Islamic loan: Report

08/10/2024 Argaam

Logo of Al Rajhi Bank

Al Rajhi Bank raised a sustainability-linked Shariah-compliant syndicated loan worth SAR 1.92 billion, making it the largest financing in the Middle East this year, Bloomberg reported.

 

The three-year credit facility drew nearly 20 creditors, including Emirates NBD, HSBC and Maybank.

 

The financing, divided into two tranches of $1.2 billion and $705 million, will be used for general purposes, the newswire added.

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