Tamara seeks $1.4B financing: Report

10:21 AM (Mecca time) Argaam
Logo ofTamara Finance Co.

Logo of Tamara Finance Co.

Tamara Finance Co., a Saudi fintech, is set to secure at least $1.4 billion in financing from a group of banks, Bloomberg reported, citing sources.

 

Goldman Sachs, Citigroup, and Apollo Global Management are expected to participate in the asset-backed financing deal, the sources said.

 

One source noted that the transaction will refinance and expand a previous debt facility arranged by Goldman Sachs, adding that the commitment could increase to about $2.4 billion.

 

The deal is still being finalized, and its terms remain subject to change, the report said.

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