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Sunday, August 10, 2025
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Saudi Binladin seeks loan extension after Grand Mosque payment delay

RIYADH: Saudi Binladin Group has asked for an extension on an 817 million riyal ($217.8 million) Islamic loan that matured last week and which was being used to fund construction on the kingdom's Grand Mosque site, sources aware of the matter said.

Finance Ministry hires banks for US dollar sukuk

LONDON: Pakistan's ministry of finance has selected Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered as bookrunners for a US dollar sukuk offering, according to a ministry official who asked not to be identified.
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