Kingdom Holding seeks loan for the $1.2bn Kingdom Tower
2012-04-19 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Prince Alwaleed bin Talal's investment company, Kingdom Holding Co is seeking a loan to help pay for the construction of the world's tallest tower, Bloomberg has reported, citing two people with knowledge of the matter. The company initiated talks with Saudi lenders to borrow as much as SR2bn ($533m) by the second half of the year and hasn't hired bankers to advise on the financing, said the people. With a height of more than 1,000 metres, Kingdom Tower is expected to cost $1.2bn to build. Construction is expected to be concluded in around five-and-a- half years.  

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