{"id":95390,"date":"2025-03-18T00:00:00","date_gmt":"2025-03-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/18\/environment-fund-unveils-sar-1-bn-green-financing-initiative\/"},"modified":"2025-03-18T00:00:00","modified_gmt":"2025-03-18T00:00:00","slug":"environment-fund-unveils-sar-1-bn-green-financing-initiative","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/18\/environment-fund-unveils-sar-1-bn-green-financing-initiative\/","title":{"rendered":"Environment Fund unveils SAR 1 bn green financing initiative"},"content":{"rendered":"

A n<\/strong>ew SAR 1 bn environmental initiative: <\/strong>The Kingdom\u2019s Environment Fund launched a Riyad Bank-backed SAR 1 bn (USD 266.6 mn) financing initiative<\/a> to support the environmental and meteorological sectors, state news agency SPA<\/a> reported on Sunday. The program aims to increase the adoption of environmental technologies, attract private sector investment, and support research and innovation.<\/p>\n

Not Riyad Bank\u2019s first green initiative: <\/strong>In September 2024 alone, Riyad Bank closed a USD<\/a>750 mn<\/a> additional tier 1 capital USD-denominated sustainable sukuk issuance, contributed to the SAR 9.7 bn funding package<\/a> provided to Acwa Power, PIF\u2019s Water and Electricity Holding Company (Badeel), and Aramco subsidiary Aramco Power to develop three large-scale solar PV projects in the Kingdom, and inked a SAR 60 mn shariah-compliant bank facility<\/a> with Tadweeer. <\/p>\n

ICYMI-<\/strong> The Environment Fund also signed an agreement with the Small and Medium Enterprise Loan Guarantee Program (Kafalah) on Sunday to launch a loan guarantee program<\/a> to help SMEs secure needed loans for their local environmental projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

The program aims to attract private sector investment<\/p>\n","protected":false},"author":1,"featured_media":95391,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3027],"tags":[448,2241,2498,446,10,3689],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate","tag-acwa-power","tag-aramco-power","tag-badeel","tag-climate","tag-enterpriseam-ksa","tag-riyadh-bank","wpautop","entry"],"acf":{"mongo_id":"0bf6b1f3-3c3e-4369-a237-f9f90d2a0369","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1383.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Environment Fund unveils SAR 1 bn green financing initiative","related_issue":[95374],"teaser":"The program aims to attract private sector investment","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.02140e87-a818-4148-8fb0-b15f093f1d3d.mp3"},"yoast_head":"\nEnvironment Fund unveils SAR 1 bn green financing initiative - 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