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Bank Al-Jazira Provides Financing for Riyadh Property Project

Bank Al-Jazira, 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.

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