RSI Secures $88 Million Financing from Al Rajhi Bank for Acquisition
Red Sea International (RSI), a Saudi modular building solution provider, has successfully secured a financing deal worth SR330 million ($87.9 million) with Al Rajhi Bank. This financial arrangement encompasses a SR250 million loan that will facilitate RSI’s acquisition of a 51 percent stake in Fundamental Installation for Electric Work Co. Ltd., commonly known as First […]