TAV seeks $250 million bank loan for Saudi airports

Dünya Executive - - OVERVIEW -

Airport builder and operator TAV is in talks with banks for the $250 million it needs to develop three airports in Saudi Arabia, President Mustafa Sani Sener said on Tuesday. TAV, in partnershi­p with Al Rajhi Holding Group, was chosen to develop and operate Saudi Arabia’s Yanbu, Qassim and Hail internatio­nal airports. Sener said TAV was talking to Saudi banks, adding that it would use $100 million of its own equity.

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