Bank Al-Jazira Provides Financing for Riyadh Property Project
By Glen Carey -
2012-04-15T11:54:50Z
Bank Al-Jazira (BJAZ), a Saudi Arabian lender, will provide Shariah-compliant financing to Mizat Development Co. for a 250 million-riyal ($67 million) property project in Riyadh, the companies said in a joint e-mailed statement today.
It didn’t provide the size of the financing for the planned 98 residential units in west Riyadh.
To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net
To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.