AlBawani has signed a SAR 6.4 billion bilateral financing agreement with Saudi Awwal Bank (SAB), marking a significant milestone in strengthening the company’s financial position and supporting its long-term expansion strategy.
The agreement reflects strong confidence in AlBawani’s financial strength, operational excellence, execution capabilities, and long-term strategic vision. The financing facility will support the company’s continued growth across its diversified business sectors and enhance its ability to deliver major infrastructure and development projects throughout the Kingdom.
This strategic partnership further reinforces AlBawani’s commitment to contributing to Saudi Arabia’s economic transformation by advancing projects aligned with the goals of Vision 2030 and the Kingdom’s long-term sustainable development ambitions.
As one of Saudi Arabia’s leading construction and development companies, AlBawani continues to play a key role in delivering landmark projects across infrastructure, healthcare, education, residential, commercial, and industrial sectors, supporting the Kingdom’s rapid urban and economic growth.
The financing agreement with SAB underscores the growing collaboration between leading financial institutions and national developers to accelerate transformative projects that contribute to Saudi Arabia’s future-ready economy and sustainable development agenda.
Following are the recent projects that are awarded by AlBawani:
- Hexagon Data Center : Read full details
- Saudi Arabia Museum of Contemporary Art: Read full details
