Cement sector

Zain KSA Secures⁣ $1.47‌ Billion Murabaha ‌Facility to Fuel Growth

Riyadh – Zain Saudi Arabia has finalized a 5.5 billion riyal ($1.47⁢ billion) Murabaha facility agreement with a consortium of local⁢ banks, the ​company announced today. ​The‌ financing will be utilized to‍ refinance existing debt and support the company’s operational and ⁢investment needs over the next five​ years.

This substantial financial commitment underscores confidence in Zain KSA’s financial stability ​and growth trajectory within Saudi Arabia’s rapidly evolving telecommunications market. The new facilities,effective September⁢ 30,2025,offer improved terms compared⁤ to previous ‍arrangements and will play a crucial role in enabling Zain KSA to continue⁣ expanding its 5G network,enhancing customer ‌experience,and driving digital transformation initiatives. The agreement impacts‌ investors, customers, and⁣ the‍ broader Saudi economy through continued infrastructure development and service innovation.

The financing ‌package includes​ the immediate disbursement of 500 million riyals to cover existing city receivable financing facilities due on September 30, 2025. An additional 300‍ million riyals will be drawn down​ as needed to meet the company’s ongoing operational and investment​ requirements. ⁣

The remaining funds⁤ will be available over the five-year term of the facility, which includes a⁢ one-year grace period, ​with final repayment scheduled for September ​30,‌ 2030. The agreement is secured by a bond of order.

“These long-term⁢ facilities came after detailed and⁣ constructive discussions with banks, which reflects the confidence of the financial institutions in the company’s financial position, its⁣ credit worth and its ability‌ to fulfill its financial obligations,”​ a company statement read.The improved ‌trade conditions offered by the new agreement‍ are⁢ expected to positively impact Zain KSA’s financial performance ⁢and strengthen its competitive position in the Saudi⁤ market.

A performance dip in April 2017 saw a 17% decrease, bringing a monitored metric down to 5.09 from a previous level.The data,revealed internally,signals a potential challenge for ongoing tracking efforts and necessitates immediate review of contributing factors.

This decline-representing a meaningful shift in monitored performance-impacts stakeholders reliant on accurate data for decision-making. The 17% drop, recorded in April 2017, demands inquiry to determine root causes and implement corrective actions. Without intervention, continued negative trends could compromise the integrity of future monitoring and analysis.

The monitored value registered at 5.09 in April 2017, a decrease from a prior, unspecified level. The data was presented alongside a percentage change of (17%). Ongoing monitoring of this metric is critical for assessing performance and identifying areas for advancement.

Shadow Market of ⁣Abandoned​ Real Estate Deals Surges, raising Concerns ​for Investors

DUBAI, UAE – ‍September 10, 2025, 13:43:49 GST – A previously obscure ‌”parallel ​market” tracking ‌canceled and incomplete real estate proposals ‌in the UAE has experienced ⁤significant growth⁣ as it’s inception, with monitoring data revealing a marked increase in activity over the past several‍ years. Analysis of data from Vision ‌Real Estate indicates a substantial volume of stalled projects, initially observed in February 2017, has continued to expand, prompting ‌scrutiny from investors and industry ⁢analysts concerned about potential financial risks and market instability.

this escalating trend-the tracking of deals that never fully materialize-highlights a growing gap between announced projects and actual completions within the UAE’s dynamic ⁢property sector.⁤ The​ parallel market, while not officially recognized, provides⁣ a crucial, albeit unofficial, record ​of these abandoned ventures. The data suggests a potential for significant capital ‌loss for‍ investors who may ‌have relied on these proposals, ​and raises questions about due ⁢diligence practices and project viability assessments. ‌ Continued growth in⁣ this market could signal broader economic vulnerabilities⁢ and impact​ future investment confidence.

Vision ⁤real Estate⁣ began monitoring these incomplete ​proposals as ‍early as February 2017,identifying a need to track⁣ projects that failed to launch or were ⁤halted mid-construction. Further data from ‍August‌ 2017 demonstrates the continued presence of these ‌stalled ventures, ⁢indicating the issue wasn’t ‌a temporary fluctuation. ‌⁢ The firm’s internal analysis, while not publicly released⁤ in full, reportedly focuses on ⁢identifying patterns in project cancellations, assessing the‍ financial ⁤implications ⁤for stakeholders, and ​providing insights into the underlying causes of project failures.

The precise monetary value ​tied to these ⁣canceled and incomplete proposals remains undisclosed, but industry sources suggest it represents⁢ a considerable sum. ‌ Experts believe‌ the ​growth of this parallel⁣ market‌ underscores the importance of​ enhanced openness and stricter‍ regulatory oversight within ​the UAE’s real estate landscape. Further inquiry ​is needed to determine the⁣ full extent of the impact and to ‍develop ⁢strategies ⁤for mitigating the ​risks associated with these abandoned projects.

Saudi Arabia to Unveil New Vision for $1 Trillion Public Investment Fund

WASHINGTON – Saudi Arabia’s Public Investment Fund (PIF) is poised to announce a new long-term strategy within the next two months, extending its investment horizon beyond its initial 2030 goals to 2040 and beyond. The announcement comes as the fund demonstrates significant growth, with internal returns climbing to 7.2% from a previous 2% and assets nearing $930 billion.

This strategic shift signals Saudi Arabia’s continued commitment to diversifying its economy away from oil and solidifying the PIF’s role as a key driver of national economic development. The updated strategy will outline how the fund intends to reach its enterprising targets – increasing its value to $1.075 trillion by year-end and exceeding $1 trillion before 2030 – while balancing financial returns with contributions to local job creation and GDP growth. The plan impacts global investment landscapes, potential partnerships, and the future of Saudi Arabia’s economic transformation.

Speaking at a symposium in Washington, a PIF representative detailed the fund’s evolving priorities. While returns remain a critical factor in investment decisions, the PIF is increasingly focused on sectors that bolster the Saudi economy and promote diversification.

The fund aims to grow its assets to at least $1 trillion before 2030, building on its current valuation of between $925 and $930 billion. this growth will be fueled by strategic investments designed to increase the local product and generate employment opportunities.During the same address, the PIF representative highlighted the operational efficiency of Saudi Aramco, noting its oil extraction cost ranges between $3 and $3.5 per barrel, a figure attributed to the company’s adoption of modern technologies, especially artificial intelligence. Aramco currently produces 10 million barrels per day, with a capacity to reach 12 million, and could increase production by 20% within days, contingent on further exploration.