Knowledge Economic City has obtained Sharia-compliant financing worth 152 million riyals to complete the construction of the educational complex, as announced on Monday.

The company secured the financing from the Saudi Investment Bank, backed by a mortgage on land plots and promissory notes.

The financing term is 15 years, and it will be used according to the project's needs.

The Riyadh Schools Group, affiliated with the Mohammed bin Salman Foundation 'Misk', will operate and manage the educational complex as part of the company's strategy to develop high-quality educational assets within Knowledge Economic City.

Knowledge Economic City operates in real estate development, reclaimed lands, and other lands in economic cities or elsewhere, as mixed-use or other development operations, including infrastructure, communication networks, water and electricity supply, water treatment plants, and other works related to the development of economic cities.

Knowledge Economic City is a Saudi joint-stock company with a capital of about 3.4 billion riyals, divided into 339 million shares with a nominal value of 10 Saudi riyals per share.