View inks SAR 13.5M deal with Al Rajhi Bank to fund land purchase in Riyadh

18/08/2025 Argaam
Logo ofView United Real Estate Development Co.

Logo of View United Real Estate Development Co.

View United Real Estate Development Co. signed on Aug. 17 a Shariah-compliant banking facilities agreement with Al Rajhi Bank worth SAR 13.5 million, with a 24-month term.

 

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The funds will go towards the purchase of land in Riyadh as part of View’s strategic plan to expand its real estate development projects, the company stated in a filing on Tadawul.

 

As the guarantee, View offered mortgage of the property to be purchased in favor of Al Rajhi Bank until the credit facility is fully repaid.

 

There are no related parties to the agreement, the statement noted.

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