Latest news with #ROSHNFront
Mid East Info
25-04-2025
- Business
- Mid East Info
ROSHN Group Activates Environmental Initiatives Across the Kingdom During Environment Week 2025 - Middle East Business News and Information
Engaging nationwide activities highlight the importance of public involvement in preserving and restoring the Kingdom's natural environment. ROSHN Group, in collaboration with leading organizations such as the Vegetation Cover Development Foundation (Morooj), is hosting educational activations at ROSHN Front. Part of ROSHN Group's long-term strategy to enhance its developments with sustainable landscaping through large-scale trees and seedlings planting efforts. Riyadh,April 2025 – ROSHN Group, the Kingdom's leading multi-asset class real estate developer and a PIF company, is marking Environment Week 2025 with a series of engaging, community-centered activities across the Kingdom. These initiatives are part of the YUHYEEK CSR program and its ROSHN Green Initiative, one of the program's key pillars aimed at promoting environmental awareness, enhancing green spaces, and supporting national regeneration efforts. In Riyadh, ROSHN Group is welcoming the public to its Green Initiative Center in SEDRA, offering immersive experiences and educational programs that promote sustainable living and demonstrate the connection between environmental responsibility and quality of life. At ROSHN Front, the Group is collaborating with the Vegetation Cover Development Foundation (Morooj) to highlight simple, impactful actions individuals can take to support the Kingdom's environmental goals. Families are invited to take part in an interactive booth at ROSHN Waterfront in Riyadh, which features engaging activities and educational booklets designed for children—further reinforcing their community role in promoting sustainability through practical, hands-on contributions. In Jeddah, ROSHN Group is collaborating with the Jeddah Governorate's Volunteer and Community Partnership Program 'Linubadir', to deliver meaningful on-ground sustainability initiatives. These include the preservation of Jeddah's oldest palm trees, honoring their cultural heritage and environmental importance, as well as a beach cleaning campaign along the Corniche in collaboration with the Jeddah Municipality. Throughout the week, visitors to ROSHN Waterfront can participate in seedling planting activities and explore reverse vending machines that incentivize recycling by turning plastic waste into tangible value and offering rewards for recycling efforts. This approach makes sustainable behavior both practical and rewarding. As part of its long-term ROSHN Group strategy, ROSHN Group is committed to planting 14 million trees and shrubs by 2030, focusing on native and climate-resilient species. Part of these will be grown at the ROSHN Green Initiative Center in SEDRA, the Group's flagship community in north Riyadh, further reinforcing the Group's contribution to the Saudi Green Initiative and the Saudi Vision 2030 goals. ROSHN Group's campaign during Environment Week 2025, which is under the theme of 'Our Environment is a Treasure', reflects the Group's broader mission: to develop vibrant, sustainable communities that place environmental responsibility at their core, transforming how people live, interact, and contribute to the Kingdom's greener future.
Mid East Info
08-02-2025
- Business
- Mid East Info
ROSHN Group Secures Two Billion Saudi Riyal Shariah-Compliant Credit Facility from Saudi National Bank - Middle East Business News and Information
The agreement with Saudi National Bank marks a significant step forward for ROSHN Group. This funding will cover the acquisition of ROSHN Front. Riyadh– ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer and a PIF Company, has agreed a two billion Saudi Riyal Shariah-compliant credit facility with Saudi National Bank, Saudi's largest financial institution. The loan agreement, which is for seven years, will be used to finance the acquisition of ROSHN Front. This strategic move strengthens ROSHN's growth and drives ROSHN Front's long-term success by enriching its retail and commercial landscape, elevating tenant experience, and attracting top-tier brands and businesses. The purchase of ROSHN Front marked ROSHN Group's expansion in two new verticals, namely commercial and retail. Opened in 2019, ROSHN Front has become a premier destination for shoppers and businesses, attracting over 7 million visitors annually. ROSHN Front—Retail, with a leasable area of over 81,800 square meters, is home to premier retail and F&B brands, while ROSHN Front—Business, with a leasable area of over 78,900 square meters, is occupied by reputed government, private sector, and multinational entities. 'This agreement with Saudi National Bank marks a key milestone for ROSHN Group, enabling us to unlock significant value from this acquisition, creating long-term benefits for our stakeholders and the communities we serve,' said Avinash Pangarkar, Group Chief Finance Officer, ROSHN Group. 'I am deeply grateful to everyone involved in this agreement that drives both financial growth for ROSHN Group and enhances the quality of life for those we serve.'
Trade Arabia
06-02-2025
- Business
- Trade Arabia
ROSHN secures $266m credit facility from Saudi National Bank
ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer powered by Saudi wealth fund PIF, has announced that it has entered into a deal with Saudi National Bank to secure a SAR2 billion ($266 million) shariah-compliant credit facility. The loan agreement, which is for seven years, will be used to fund the acquisition of ROSHN Front, said a statement from ROSHN. The leading Saudi developer pointed out this strategic move strengthens its growth and drives ROSHN Front's long-term success by enriching its retail and commercial landscape, elevating tenant experience, and attracting top-tier brands and businesses. The purchase of ROSHN Front marked the group's expansion in two new verticals - commercial and retail. Opened in 2019, the prime development has become a major destination for shoppers and businesses, attracting over 7 million visitors annually. ROSHN Front - Retail, with a leasable area of over 81,800 sq m, is home to premier retail and F&B brands, while ROSHN Front - Business, with a leasable area of over 78,900 sq m, is occupied by reputed government, private sector, and multinational entities. On the key funding, Group Chief Finance Officer Avinash Pangarkar said: "This agreement with Saudi National Bank marks a key milestone for ROSHN Group, enabling us to unlock significant value from this acquisition, creating long-term benefits for our stakeholders and the communities we serve." "I am deeply grateful to everyone involved in this agreement that drives both financial growth for ROSHN Group and enhances the quality of life for those we serve," he added. -TradeArabia News Service
Zawya
06-02-2025
- Business
- Zawya
PIF-backed ROSHN secures $533mln to fund retail hub acquisition in Riyadh
Saudi giga-project developer ROSHN Group has secured a 2 billion Saudi riyals ($533.20 million) Shariah-compliant credit facility from Saudi National Bank to finance the acquistion of ROSHN Front in capital Riyadh. The acquistion of ROSH Front (previously known as Riyadh Front) from Kaden Investment was announced in December 2022. The property was rebranded to its present name in September 2023. Opened in 2019, ROSHN Front is a premier destination for shoppers and businesses, attracting over 7 million visitors annually. ROSHN Front – Retail has a leasable area of over 81,800 square metres, while ROSHN Front -Business has more than 78,900 square metres. The development is adjacent to the Public Investment Fund (PIF)-backed ROSHN's flagship SEDRA project in Riyadh.
Zawya
06-02-2025
- Business
- Zawya
Roshn wins $266mln credit facility from Saudi National Bank
ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer and a PIF Company, has announced that it has entered into a deal with Saudi National Bank to secure a SAR2 billion ($266 million) shariah-compliant credit facility. The loan agreement, which is for seven years, will be used to fund the acquisition of ROSHN Front, said a statement from ROSHN. The leading Saudi developer pointed out this strategic move strengthens its growth and drives ROSHN Front's long-term success by enriching its retail and commercial landscape, elevating tenant experience, and attracting top-tier brands and businesses. The purchase of ROSHN Front marked the group's expansion in two new verticals - commercial and retail. Opened in 2019, the prime development has become a major destination for shoppers and businesses, attracting over 7 million visitors annually. ROSHN Front - Retail, with a leasable area of over 81,800 sq m, is home to premier retail and F&B brands, while ROSHN Front - Business, with a leasable area of over 78,900 sq m, is occupied by reputed government, private sector, and multinational entities. On the key funding, Group Chief Finance Officer Avinash Pangarkar said: "This agreement with Saudi National Bank marks a key milestone for ROSHN Group, enabling us to unlock significant value from this acquisition, creating long-term benefits for our stakeholders and the communities we serve." "I am deeply grateful to everyone involved in this agreement that drives both financial growth for ROSHN Group and enhances the quality of life for those we serve," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
