Finance
SEC secures $3.5bn financing facilities
Saudi Electricity Company (SEC), the Kingdom of Saudi Arabia’s premier electricity service provider, has announced signing an agreement to obtain a USD-denominated $3 billion International …
Finance
Finance
Masdar achieves financial close on 230MW Garadagh Solar PV Plant in Azerbaijan
Masdar, UAE, announced that it has achieved financial close for its 230-megawatt (MW) Garadagh Solar Photovoltaic (PV) Plant in Azerbaijan – the nation’s first foreign …
Finance
GS Inima announces financial closure for the Barka V Desalination Plant in Oman
GS Inima, a world leader in the water sector, positioned as one of the Groups with the largest volume of plants in terms of concessions …
Finance
ADFD, ADEX sign loan agreements of $92m to finance water supply network project in Bahrain
Abu Dhabi Fund for Development (ADFD) and the Abu Dhabi Exports Office (ADEX) announced in a statement that it has signed two loan agreements with …
Finance
Kuwait Fund Signs $115m Finance agreement for GCC Electricity Interconnection
A Loan Agreement was signed in Kuwait Fund Headquarters between Gulf Cooperation Council Interconnection Authority) GCCIA (and Kuwait Fund for Arab Economic Development, whereby The …
Finance
ADIB allocates US$61 million provision for first green finance deal in Saudi Arabia
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced in a statement the provision of US$61 million in financing for green-certified projects in Saudi …
Finance
Acciona Raises $480m in Green Finance for Three Sewage Treatment Plants in Saudi Arabia
ACCIONA, a leading company in the development of water and other sustainable infrastructure, together with its local partners Tawzea and Tamasuk, announced that it has …
Finance
SWPC Announces Financial Close of three Independent Sewage Treatment Plants
Saudi Water Partnerships Company (SWPC) announced that it has successfully achieved financial close for three Independent Sewage Treatment Plants (ISTP) – Madinah-3 ISTP, Tabuk-2 ISTP …
Finance
ACWA Power led consortium achieves financial close for the US$1.59 billion Red Sea Project
A consortium led by ACWA Power, and composed of SPIC Huanghe Hydropower Development Company and Saudi Tabreed Cooling Company, has achieved financial close for the …
Finance
Saudi Aramco closes $15.5bn gas pipeline deal with global investor consortium
Saudi Arabian Oil Company (Saud Aramco) and an international investor consortium, led by affiliates of BlackRock and Hassana, announced the successful closing of the lease …