The Saudi British Bank (SABB) has signed a project financing agreement with Nesma & Partners Contracting Company Ltd. worth 2.6 billion riyals ($693 million), which will be provided over three and half years for the construction of a mall. 

The Avenues-Riyadh mall, owned by Shumoul Holding, will cost 6.4 billion riyals, SABB said in a statement on Wednesday. 

The mall project will include hotel towers and a commercial complex with more than 1,300 businesses and stores. 

(Writing by Brinda Darasha; editing by Cleofe Maceda) 

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