Saudi Real Estate” secures SAR 1.5bn loan from the public investment fund

30/04/2014 Tadawul

Saudi Real Estate Company’s (SRECO) board approved SAR 1.5bn loan from the public investment fund to finance its 2014-2018 investment plan which includes housing and hotel construction projects.

The credit has a term of 10 years including a grace period of 2 years and has no collaterals. Each project is to be financed separately according to its feasibility study and a comprehensive study of the strategic plan; the company said in a statement to Tadawul today.

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