Knowledge City secured SAR 152 million in Shariah-compliant financing from Saudi SAIB
Knowledge Economic City secured SAR 152 million in Shariah-compliant financing from Saudi Investment Bank (SAIB) to complete the construction of the educational complex at Knowledge Economic City, according to a statement to Tadawul. 
The company said the educational complex will be managed and operated by Riyadh Schools, an affiliate of the Mohammed bin Salman Foundation (Misk).
The financing has a tenor of 15 years and is secured by mortgages over land plots in addition to promissory notes, Knowledge City said, noting that there are no related parties involved.
Knowledge City secured SAR 152 million in Shariah-compliant financing from Saudi SAIB
Knowledge Economic City secured SAR 152 million in Shariah-compliant financing from Saudi Investment Bank (SAIB) to complete the construction of the educational complex at Knowledge Economic City, according to a statement to Tadawul.
The company said the educational complex will be managed and operated by Riyadh Schools, an affiliate of the Mohammed bin Salman Foundation (Misk).
The financing has a tenor of 15 years and is secured by mortgages over land plots in addition to promissory notes, Knowledge City said, noting that there are no related parties involved.
