Saudi First Bank signs $1.7B financing deal with Al-Bawani

The signal: Al BawaniDealroom has a profile for this one. Try Dealroom → is classified as a late-growth stage company on Dealroom, consistent with a contractor mature enough to secure a $1.7 billion bilateral facility from a single bank. With Saudi mega-projects such as NEOM — a special economic zone and development project on the Red Sea coast — moving into execution phases, the kingdom's construction financing market is becoming a battleground for corporate lenders eager to back proven contractors at scale.

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