logo
Exclusive Interview with Al-Fawazi, Senior Officer in Financing Solutions Dept. at Sukuk

Exclusive Interview with Al-Fawazi, Senior Officer in Financing Solutions Dept. at Sukuk

Leaders29-01-2025

The Future of Real Estate Forum is a significant platform for exchanging ideas and insights about the future of the real estate sector. In this interview, Faisal Al-Fawazi, senior officer in financing solutions department at Sukuk, delved into the importance of participating in this forum.
Goal of Sukuk Financial's Participation
The primary goal for participating is to expand and strengthen relationships with financiers and real estate investors. Moreover, we see this forum as an excellent opportunity to connect with key market players, exchange experiences, and showcase the innovative financing solutions we offer at Sukuk.
Sukuk Financial boasts a strong investment portfolio exceeding five billion Saudi Riyals. One of our key distinctions is that our non-performing loan ratio is zero percent, reflecting the quality of our risk management and the financial strength we possess. Additionally, we have distributed returns to investors amounting to one billion six hundred million Saudi Riyals, further bolstering investor confidence in our services.
Financing Programs at Sukuk
Sukuk offers two main programs: Construction Financing: We start financing as soon as land ownership is secured, helping investors to initiate their projects quickly and efficiently. Project Portfolio Financing: This program is designed to support large and diverse real estate projects, providing significant flexibility for investor. Future of Partnerships with Upcoming Real Estate Projects
Al-Fawazi emphasized: 'At Sukuk, we are fully equipped to handle any upcoming real estate project. With our extensive experience and robust infrastructure, we are capable of delivering innovative financing solutions tailored to market demands. Our goal is to become the leading financial partner for real estate investors, and we remain dedicated to providing exceptional services that drive the success of their ventures.'
Related Topics :
Future of Real Estate Forum 2024 Signs over 50 Agreements
Asir Region Unveils Tourism Vision at Real Estate Future Forum 2025
ROSHN Group: Strategic Partner of 2025 Real Estate Future Forum
Saudi Arabia to Host 4th Real Estate Future Forum in Jan 27
Short link :
Post Views: 44 Related Stories

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Al-Falih: Saudi Arabia is keen on supporting Syrian economy's stability
Al-Falih: Saudi Arabia is keen on supporting Syrian economy's stability

Saudi Gazette

time14 hours ago

  • Saudi Gazette

Al-Falih: Saudi Arabia is keen on supporting Syrian economy's stability

Saudi Gazette report RIYADH — Minister of Investment Eng. Khalid Al-Falih emphasized Saudi Arabia's commitment to supporting the stability and development of the Syrian economy. He also underlined the need to serve common interests and enhance regional economic prosperity. Al-Falih made the remarks during a meeting with the Syrian Minister of Economy and Industry Dr. Mohammad Nidal Al-Shaar, via videoconference, on Sunday. He emphasized the importance of creating an environment for expanding regional investment partnerships. The ministers discussed prospects for investment cooperation between the two countries and reviewed the promising economic opportunities in the Syrian market. Their meeting addressed potential areas of public-private partnership and ways to enhance qualitative investments in the production and service sectors, contributing to supporting economic development and opening new channels for integration between the two countries.

Saudi Aramco Completes $5 Billion Bond issuance
Saudi Aramco Completes $5 Billion Bond issuance

Leaders

time6 days ago

  • Leaders

Saudi Aramco Completes $5 Billion Bond issuance

Saudi oil giant Aramco has completed a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program, according to the Saudi Press Agency. Saudi Aramco has classified the three tranches as follows: $1.5 billion in senior notes maturing in 2030 with a coupon rate of 4.750% $1.25 billion in senior notes maturing in 2035 with a coupon rate of 5.375% $2.25 billion in senior notes maturing in 2055 with a coupon rate of 6.375% The company also noted that the tranches were priced on May 27, 2025. Meanwhile, the notes were successfully listed on the London Stock Exchange. Aramco's Executive Vice President of Finance and CFO Ziad Al-Murshed stated that the strong demand for the new bond offering stands as a testament to global investors' confidence in Aramco's financial resilience and robust balance sheet. 'Pricing the offering with no new issuance premium across all tranches clearly reflects Aramco's unique long-term credit proposition,' Al-Murshed added. Related Topics: CST, Aramco Digital Launch AI-Powered Crowd Management Trial at Holy Sites China Is Major Market for Saudi Aramco: CEO Saudi Aramco Records $106bn Profits in 2024 Short link : Post Views: 43 Related Stories

62 air carriers operate 3,314 Hajj flights from 238 destinations
62 air carriers operate 3,314 Hajj flights from 238 destinations

Saudi Gazette

time6 days ago

  • Saudi Gazette

62 air carriers operate 3,314 Hajj flights from 238 destinations

Saudi Gazette report MAKKAH — Saleh Al-Zuwaid, spokesman for the Hajj Transport and Logistics System, said that a total of 62 air carriers operated as many as 3,314 Hajj flights carrying pilgrims from 238 destinations in 71 countries around the world. Addressing a press conference for Hajj season transportation and communications system spokespersons at Hajj Media Operations Center in Makkah on Monday, Al-Zuwaid noted that the reception of pilgrims was conducted with the highest level of operational efficiency, contributing to the smooth flow of pilgrims' arrival and movement. Regarding the Haramain High Speed ​​Rail, Al-Zuwaid stated that 4,700 trips were scheduled throughout the season with a capacity of up to two million passengers, an increase of 400,000 seats over last year. The number of trips between King Abdulaziz International Airport Station and Makkah has also been increased by 75percent compared to last year, reaching an average of approximately one trip per hour. He noted that 700,000 passengers had been transported on the Haramain High Speed ​​Rail by Sunday, stressing that it will continue to provide services to pilgrims to meet their expectations. Regarding the Mashaer Train, the spokesperson confirmed that more than 2000 trips are expected to operate this season to transport more than 2 million passengers in 7 days. Al-Zuwaid explained that the use of road cooling technology in the holy sites has expanded by 82 percent compared to last year. "This technology has proven effective in reducing road surface temperatures by 12 degrees Celsius, especially in areas surrounding the Namirah Mosque and the holy sites," he added. For his part, Saad Al-Shanbari, spokesperson for the Hajj Communications and Technology System, stated that 4G and 5G coverage in Makkah, Madinah, and the holy sites reached 99 percent, resulting in a significant increase in internet speed, reaching 264 megabits per second, a 10 percent increase over last year. "Internet speed in Makkah and Madinah alone this year reached 336 megabits per second, a 19 percent increase over last year," he said. Al-Shanbari noted that Wi-Fi access points in Makkah, the holy sites, and Madinah reached more than 10,000 during this year's Hajj, in partnership with telecommunications service providers. He also emphasized that the Communications and Space Technology Commission (CSTC) was able to utilize the latest innovations during this season, successfully implementing, in partnership with Aramco, an artificial intelligence (AI) crowd management experiment using HAI surveillance cameras.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store