Saudi Awwal Bank Signs SAR 2 Billion Credit Facility with Saudi Binladin Group to Propel Development of King Fahd Sports City in Riyadh

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.