Akin advises Red Sea Global on SAR6.5 billion green financing for AMAALA

Akin advised Red Sea Global (RSG), a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund, on securing a SAR6.5 billion (USD 1.7 billion) landmark green financing for AMAALA, a luxury wellness destination on the Red Sea coast and a key component of the Kingdom’s Vision 2030 tourism strategy. The Akin team was led by partners Alexander Malahias and Jennifer Riddle and included associate Maaz Shahzad.

The press release by Red Sea Global can be accessed here: Red Sea Global secures SAR 6.5 billion funding for AMAALA