ROSHN Group announced today in a release the acquisition of joint credit facilities amounting to SAR9 billion (approximately $2.4 billion) from a group of banks. The revolving credit lines will be available to ROSHN over the next five years to support its general corporate objectives, including expansion and growth plans. According to the release, this funding is in line with ROSHN's financing strategy, and will be allocated to the group's general objectives, including expansion and growth. ROSHN CFO Avinash Pangarkar said: "This significant financing reflects the market's confidence in ROSHN and the Kingdom's real estate sector. Our banking partners have recognized the progress we have made in delivering real estate projects across Saudi Arabia, and contributing to the goals of Vision 2030. We intend to use these funds to further advance our ambitious strategy in the coming years." Source: Saudi Press Agency