The Saudi Central Bank "SAMA" has released a public consultation on rules for regulating the business of real estate refinance companies. The release comes in continuation of SAMA's efforts to develop the financial sector and to keep abreast with developments of the financing industry in general, Saudi media reports said....

Saudi Real Estate Refinance Company of the Public Investment Fund has announced the signing of a refinancing partnership agreement with the Real Estate Development Fund (REDF) to refinance a real estate portfolio worth SAR 10 billion.

Emirates Global Aluminium has successfully refinanced US$5.5 billion of corporate debt.

The term loan facility reduces by $1 billion the size of EGA’s existing seven-year $6.5 billion loan facility signed in 2019, as strong aluminum prices and EGA’s operational performance drive liquidity, the company said.