Islamic green financing for Royal


In a joint statement with Maybank Singapore, Royal Group co-chairman Bobby Hiranandani (pic) said this was the first time that a hospitality developer and owner has embarked on Islamic green financing.

SINGAPORE: The Royal Group has obtained the world’s first Islamic green financing in the hospitality sector from Maybank Singapore, totalling S$250mil (RM767.28mil).

The facility is for the upcoming Raffles Sentosa Resort and Spa Singapore and the existing Sofitel Singapore Sentosa Resort and Spa.

In a joint statement with Maybank Singapore, Royal Group co-chairman Bobby Hiranandani (pic) said this was the first time that a hospitality developer and owner has embarked on Islamic green financing. — Bernama

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