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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.
  • It is aimed at financing the general budgetary needs and was secured with the participation of three regional and international financial institutions.
  • The arrangement of these credit facilities aligns with the Kingdom's medium-term public debt strategy, aimed at diversifying funding channels.

Riyadh, Saudi Arabia — The National Debt Management Center (NDMC) has finalized the arrangement for securing a Shariah-compliant revolving credit facility worth SAR 9.4 billion ($2.5 billion).

Argaam reported that the credit facility, which spans a tenure of three years, is aimed at financing the general budgetary needs, and was secured with the participation of three regional and international financial institutions.

The arrangement of these credit facilities aligns with the Kingdom’s medium-term public debt strategy, aimed at diversifying funding channels to meet financing needs at fair pricing within well-defined risk management frameworks, and in accordance with the approved annual borrowing plan, by leveraging market opportunities to execute alternative government financing activities that promote economic growth, such as financing development and infrastructure projects.