Riyadh: ROSHN Group, a PIF-owned real estate developer, has signed a SAR 2 billion Shariah-compliant credit facility agreement with Saudi National Bank (SNB) for a seven-year term to finance the acquisition of ROSHN Front.
According to Saudi Press Agency, this strategic move bolsters ROSHN Group's growth while enriching ROSHN Front's retail and commercial sectors, enhancing tenant and visitor experiences.
The acquisition of ROSHN Front marks the group's strategic expansion into commercial and retail real estate, reinforcing its position as a leading multi-asset class developer.