Saudi Arabia: Dar Al-Arkan gets approval for SR4bn fund

It appears that the Public Investment Fund (PIF) authorized SR4 billion financing facility for the Qasr Khozam development project of Dar Al-Arkan Real-Estate Development Company.
Tadawul website stated that this funding will contribute to the project by increasing the speed of the development operations and pushing ahead to the next phase of sending evacuation notifications, the compensation and transfer of ownership of the properties located in the project area.