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27 April 2025
Riyadh, Saudi Arabia – 24 April 2025 – Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom, has signed a SAR 2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group, to finance the development of King Fahd Sports City in Riyadh.
The agreement was formalized during an official signing ceremony held at SAB Tower in Riyadh. The event underscored the strategic importance of this collaboration in delivering large-scale infrastructure aligned with national goals.
The partnership aims to enhance the Binladin group’s financial capacity to execute major projects that meet international standards. It also reflects SAB’s commitment to supporting the Kingdom’s construction sector and contributing to Vision 2030 by financing transformative development initiatives.
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© SAB, Saudi Arabia. All Rights Reserved, 2025
Saudi Awwal Bank, a listed joint stock company, incorporated in the Kingdom of Saudi Arabia, with paid in capital of SAR 20,547,945,220, commercial registration certificate 1010025779, unified number 7000018668, Mailing Address: P.O. Box 9084, Riyadh 11413. National Address: 7383 King Fahad Branch Rd, 2338 Al Yasmeen Dist., 13325 Riyadh, Kingdom of Saudi Arabia, Tel. +966 11 4050677, www.sab.com, licensed pursuant to the Council of Ministers Resolution No. 198 dated 06/02/1398H and Royal Decree No. M/4 dated 12/08/1398H, and regulated and supervised by the Saudi Central Bank.