Al-Othaim Investment Secures SAR 3.06 Billion Credit Facility From NCB
The agreement will be used to develop new shopping malls, enhance entertainment venues, and expand real estate projects.
Abdullah Al-Othaim Investment Company, a leading developer of shopping malls, entertainment centres, and real estate projects in Saudi Arabia, has secured a SAR 3.06 billion Sharia-compliant credit facility from the National Commercial Bank (NCB) to support its expansion and long-term strategic growth.
The financing agreement, signed in Riyadh, will be used to develop new shopping malls, enhance entertainment venues, and expand real estate projects across the Kingdom. The company is best known for its Al-Othaim Malls, which house a range of international and local retailers, as well as its Fabyland and Xtreme Zone entertainment centres, which provide family-friendly attractions.
The signing ceremony was attended by senior executives from both companies, with the agreement formalised by the Head of Corporate Banking at NCB and the CEO of Al-Othaim Investment.
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