Corporate announcement — 8 June 2026
CITIC Holding IF Group LLC has structured a USD 450 million financial platform through a dedicated vehicle in the Abu Dhabi Global Market (ADGM). The platform is intended to support urban, residential, infrastructure and industrial programmes associated with Saudi Vision 2030, including the Khuzam / Tilal Khuzam area north of Riyadh.
The announced structure combines a USD 300 million Sukuk Istisna’a component and USD 150 million of subordinated mezzanine financing. Funding is linked to project milestones and the applicable contractual requirements. CITIC’s role concerns the financial component; industrial delivery and operational responsibilities remain with the respective project participants.
Avocom coordinated the international legal and financial structuring.
Read the original press release (PDF)
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