Project Finance

Saudi Islamic banks should look to smaller projects for infrastructure opportunities

The project and infrastructure financing market in Saudi is continuing apace, despite the squeeze from several years of low oil prices. The Vision 2030 and National Transformation Plan continue to drive diversification and encourage privatization....


Project Finance

Saudi domestic Sukuk supporting private sector projects

The positive reception and strong demand for the first three issuances from Saudi Arabia’s domestic Sukuk program have helped the Kingdom to pay off billions of riyal in outstanding private sector projects, creating a more stable environment for...


Project Finance

Chinese agreements could push new opportunities for Islamic project funding

A new US$20 billion joint investment fund between Saudi Arabia and China was announced by Saudi energy minister Khalid Al-Falih on the 24th August, in a bid to boost both Saudi Arabia’s Vision 2030 and China’s One Belt One Road (OBOR) project....


Project Finance

Ma’aden seeks Islamic support for infrastructure expansion

Saudi Arabian Mining Company (Ma’aden) signed an MOU with the Islamic Corporation for the Development of the Private Sector (ICD) in July to develop and finance infrastructure projects, SMEs and community development projects in Saudi Arabia. The...


Project Finance

Project Sukuk opportunities open up as Aramco explores new projects

As the country prepares for the IPO of the century, state oil firm Saudi Aramco is moving to shore up its supply lines and diversify its holdings into new projects. Most recently, the behemoth signed a joint venture agreement to build a new...


Project Finance

INTERVIEW: Islamic structures increasingly influential in the Saudi project finance market

This month IFN Saudi Arabia speaks exclusively to Shibeer Ahmed, head of banking and Islamic finance at Winston Strawn, to discuss his views on the current landscape for project finance in Saudi Arabia, the differences between Islamic and...


Project Finance

Islamic investors benefit from the boom in Saudi Arabia’s hospitality sector

The hospitality sector is seeing a strong uptick as projects spring up across Saudi Arabia, both from domestic players and international investors. Islamic providers are reaping the benefit of this trend, with a strong foundation of Shariah...


Project Finance

Beleaguered Binladin Group offered yet another extension of its Islamic facility

Saudi Binladin Group has had a rough couple of years – falling from grace as one of the Kingdom’s favoured contractors for state projects to struggle through cash flow crises, severe job cuts, financing problems and multiple extensions to...


Project Finance

Aramco activities in Southeast Asia offer opportunities for Islamic finance

Saudi Aramco has invested billions this year into Asian assets in order to bulk up its portfolio before the upcoming IPO. With massive deals in both Malaysia and Indonesia, the move represents a collaboration between three of the world’s biggest...