In August 2016 the Ports Development Company obtained a SAR 2.7 billion murabaha facility to finance the continued development of King Abdullah Port.
The region’s first privately owned port is located in King Abdullah Economic City on Saudi Arabia’s Red Sea coast. The murabaha financing is being provided by the Arab National Bank and the Saudi British Bank.
On behalf of the senior lenders and the Ports Development Company, the owner and developer of the King Abdullah Port, Operis were pleased to undertake an audit of the financial model.
