April 18, 2026
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HomeFinance

Finance

Finance

Tamasuk, Alghanim Consortium announces Financial Close for Al Ansar Hospital PPP

February 20, 2024 Mohammad S
Tamasuk, Alghanim Consortium announces the successful Financial Close of the Al Ansar Hospital Public-Private Partnership (PPP) project, marking a significant milestone in the healthcare infrastructure …
Finance

Mabanee’s Subsidiary Secures SAR 4.35 billion Financing Facilities for Avenues Khobar

December 20, 2023 Mohammad S
Kuwait’s Mabanee Company announced in a statement that it’s Subsidiary in Saudi Arabia signs fianancing facilies for The Avenues Khobar project. The Company stated that …
Finance

ACWA Power achieves Financial close for projects with a combined value of over US$14 billion

October 14, 2023 Mohammad S
Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has marked a monumental 12-month …
Finance

QatarEnergy and Chevron Phillips Secures $4.4 billion Finance for Ras Laffan Petrochemicals Project

October 9, 2023 Mohammad S
QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) announced that they have secured $4.4 billion financing for the Ras Laffan Petrochemicals project, a world scale …
Finance

ADNOC, TAQA announces financial close of $2.2bn on Sustainable Water Supply Project

September 25, 2023 Mohammad S
ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) have successfully completed the financial closing of their $2.2 billion (AED 8.3 billion) strategic project to …
Solar PV Image
Finance

ACWA Power achieves financial close for 200MW Kom Ombo solar project in Egypt

August 30, 2023 Mohammad S
ACWA Power, Saudi Arabia announced the financial close for the 200MW Kom Ombo project, a utility-scale solar power plant in Egypt. With an overall investment …
Solar PV Image
Finance

2.6GW: Al Shuaibah 1 and Al Shuaibah 2 Solar PV Projects reaches Financial Close

August 21, 2023 Mohammad S
ACWA Power, a Saudi-listed company and a leader in the energy transition, the Water and Electricity Holding Company (Badeel), wholly owned by Public Investment Fund …
Finance

Oman’s OQGN signs $1.2 billion financing agreements

July 17, 2023 Mohammad S
OQ Gas Networks (OQGN), Oman signed three financing agreements with 16 local and regional banks to the tune of USD 1.2 billion. Collectively, this financing …
Finance

ACWA Power Signs financing agreements for Al Shuaibah 1 and Al Shuaibah 2 PV IPPs

July 17, 2023 Mohammad S
ACWA Power Co. announces in a statement the finalization and signing of the financing agreements with the financing consortium for Al Shuaibah 1 and Al …
Finance

UAE’s AMEA Power announces a $75 million funding round from SoftBank Group

July 10, 2023 Mohammad S
AMEA Power, UAE announced in a statement that it has signed a $75 million equity funding round from SoftBank Group Corp. (“SBG”), a Japanese investment …

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Power

NESMA Secures Jeddah Tower’s 110/13.8kV Substation

July 2, 2020
Jeddah Economic Company (JEC) awarded the project Construction of Jeddah Economic City 110/13.8kV Substation.   The Project has been awarded to Saudi based construction Company, …
Power

Badeel, ACWA Power Consortium signed 2060MW Shuaibah 2 Solar PV Project

November 30, 2022
The Public Investment Fund (PIF), Saudi Arabia announced in a statement regarding the signing a power purchase agreement (PPA) of Shuaibah 2 Solar PV Plant, …
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Kuwait announces discovery of Oil & Gas Reserves in Al-Jlaiaa Offshore Field

January 22, 2025
Kuwait Oil Company (KOC) announced a major hydrocarbon discovery at Al-Jlaiaa offshore field within Kuwaiti territorial waters. According to a company statement, tests on the …
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