corporate finance

Goldman, HSBC and Fortress back Saudi private credit deal

Two regional fund managers are joining the $150 million package for Jeddah-based United Saudi Co. as the kingdom seeks lending alternatives

Elisa Schu/picture alliance via Getty Images

The King Abdullah Financial District Metro Station in Riyadh

Goldman Sachs, HSBC and Fortress Investment Group are teaming up on one of Saudi Arabia’s first big private credit deals since the U.S.-Iran war began in February.

The firms are working with regional fund managers Ruya Partners...