Abdul Aziz Al Ajlan Sons Co. for Commercial and Real Estate Investment – Ajlan & Bros has successfully completed its maiden syndicated unsecured USD 300 million 7 years term Murabaha facility with a group of regional and Saudi banks.

The new facility will enable Ajlan Group to further diversify the pool of banks and funding sources which will be used to finance the Group’s expansion initiatives.

Gulf International Bank – Saudi Arabia (GIB), First Abu Dhabi Bank (FAB) and Kuwait Finance House B.S.C. (C) Bahrain, acted as Mandated Lead Arrangers for the new facility. GIB also acted as the Sole Coordinator and Facility Agent.

Chairman of Ajlan & Bros, Ajlan Abdulaziz Al Ajlan, commented: “The Securing of the USD 300 million financing through a syndicated facility, which was subscribed by leading regional banks, is a testament to the appeal and confidence in Saudi market and in the Ajlan Group expansion plans in key strategic sectors aligned with Vision 2030”

GIB – Saudi Arabia CEO, Khaled Abbas commented on this occasion “We are honored to have successfully led this landmark transaction for Ajlan & Bros. The strong backing and participation of leading regional banks highlights the growing investor confidence and appetite for USD-denominated syndications for Saudi family -owned enterprises- particularly during this dynamic phase of economic transformation and growth in the Kingdom. We are grateful for the trust the Company has placed in GIB during this debut offering and remain dedicated to delivering tailored financing solutions to diversify and optimize their sources of funding in support of sustainable long-term growth.”