Bracewell Represents Lenders on NEOM Residential Communities in Saudi Arabia

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Bracewell LLP represented a lending group comprising Alinma, Riyad Bank, Banque Saudi Fransi and the National Infrastructure Fund in relation to two temporary communities forming part of a 10-community development and the first phase of a workforce residential expansion in the region of NEOM in Saudi Arabia where the giga project by Public Investment Fund is unfolding. The sponsors for the two-community development were Tamasuk, Saudi Arabian Trading & Construction Company (SATCO) and Al Majal Al Arabi Group.