Saudi Arabia’s KAFD Secures $3.2 Billion Islamic Finance Deal: What It Signals for Riyadh’s Rise as a Global Financial Capital
In a transaction that broke new ground for Saudi Arabia’s sovereign-backed development model, the King Abdullah Financial District Development and Management Company — known as KAFD DMC — closed a SAR 12 billion ($3.2 billion) Murabaha Islamic financing facility on June 15, 2026. The 15-year, senior-secured deal was arranged through a syndicate of ten Saudi […]
