Riyadh - Mubasher: Al Rajhi Bank has raised a $1.92 billion sustainability-linked, Sharia-compliant loan, the largest financing for a bank in the Middle East this year, an informed source revealed on Tuesday .

The source added, according to Bloomberg, that the three-year Sharia-compliant facility attracted nearly 20 lenders, including coordinating banks Emirates NBD BGSC, HSBC Holdings PJSC and Maybank Investment Bank Bhd .

The source explained that the financing, which is divided into a tranche worth $1.2 billion and a portion worth $705 million, will be used for general purposes of the bank .

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