logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Red Sea Global lands SAR 6.5 bn green loan to develop AMAALA

Red Sea Global lands SAR 6.5 bn green loan to develop AMAALA

GHADA.ISMAIL
Oct 29, 2025
The financing, led by Riyad Bank, aligns with RSG’s Green Loan Framework and supports the ultra-luxury wellness destination

Riyadh – Sharikat Mubasher: Red Sea Global (RSG), the developer of Saudi Arabia’s flagship tourism projects AMAALA and The Red Sea, announced raising a SAR 6.5 billion ($1.73 billion) green credit facility to support the development of AMAALA.

As per an official press release, the financing is led by Riyad Bank as sole underwriter, with The Saudi Investment Bank and Bank AlBilad serving as mandated lead arrangers.

Structured under RSG’s Green Loan Framework, the facility combines conventional and Islamic financing and follows the model established in 2021 for The Red Sea destination’s private green funding.

John Pagano, RSG Group CEO, said the new agreement reflects the company’s strong delivery record, highlighting progress at The Red Sea destination and the upcoming opening of AMAALA’s first phase at Triple Bay.

This marks the third collaboration between RSG and Riyad Bank, following the Kingdom’s first Riyal-denominated green loan in 2021 and a SAR 2 billion financing for the Four Seasons Resort on Shura Island. Riyad Bank CEO Nadir Al-Koraya praised RSG’s role in advancing Vision 2030 through sustainable and transformative tourism projects.

Set to open later this year, AMAALA will feature over 1,400 hotel rooms across eight resorts, alongside landmarks such as the Corallium Marine Life Institute and the AMAALA Yacht Club — envisioned as a global hub for luxury yachting.

Tags

Red Sea Global
green loan
Real Estate
Share

Attract clients with your ad

Start Now

Trending

Tayseer Arabian named ‘Best Islamic SME Financing Provider’ in Saudi Arabia
MUBASHER.SA
Du launches $50mn du Ventures VC fund to accelerate digital innovations
MUBASHER
Non-bank firms must notify SAMA 5 days before fundraising
MUBASHER.SA
Saudi non-oil business activity rebounds in May, PMI hits 52.8
MUBASHER.SA
HUMAIN expands Saudi AI ambitions with NVIDIA Robotaxi partnership
MUBASHER.SA

Related News

Funding News
Calendar Icon
Jun 3, 2026
Du launches $50mn du Ventures VC fund to accelerate digital innovations
Read More
Funding News
Calendar Icon
Jun 3, 2026
Non-bank firms must notify SAMA 5 days before fundraising
Read More
Funding News
Calendar Icon
Jun 2, 2026
CargoX secures $250mn in investment round led by BlueFive Capital
Read More
Funding News
Calendar Icon
May 21, 2026
JCIF launches $70mn Manara Fund to back tech companies in Jordan
Read More
Funding News
Calendar Icon
May 20, 2026
RemotePass secures $17.4mn to expand global payroll platform
Read More
Funding News
Calendar Icon
May 20, 2026
PlayReplay secures $12mn to expand into Saudi Arabia, Middle East
Read More
Funding News
Calendar Icon
May 20, 2026
GymNation secures $100mn facility to fuel next growth stage
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher