Finance Archives - Page 9 of 11 - SaudiGulf Projects

Standard Chartered arranges financing for Saudi-Egypt electricity interconnection project

October 18, 2022 Mohammad S

Standard Chartered Bank (with Sumitomo Mitsui Banking Corporation) announces the provision of a $566.4m Export Credit Agency supported Islamic financing facility for Saudi Electricity Company …

Saudi Arabia’s PIF Announces Successful Completion of USD 3bn Inaugural Bond

October 6, 2022 Mohammad S

The Public Investment Fund (PIF) announced in a statement that it has completed its first-ever bond issuance, first-ever century green bond, raising USD 3 billion …

UAE achieves financial close for $3.8bn HVDC subsea power transmission network Project

September 25, 2022 Mohammad S

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) announced the successful financial closing of their $3.8 billion strategic project …

UAE’s TAQA secures AED4 billion Project Financing for Mirfa International Power & Water Plant

September 21, 2022 Mohammad S

Abu Dhabi National Energy Company (TAQA), UAE has announced that the Mirfa International Power & Water Company (MIPCO), the project company that owns and operates …

Masdar Achieves Financial Close on Uzbekistan’s 500MW Wind Project

September 3, 2022 Mohammad S

Masdar, UAE, announced that it has achieved financial close on the 500-megawatt (MW) Zarafshan wind project – Uzbekistan’s first utility-scale wind farm. The announcement was …

J.O Steel, UK to Invest $865 Million in Saudi Arabia

September 1, 2022 Mohammad S

UK-based J.O. Steel Holdings PLC announced in a statement that it has secured a $692 million credit facility from a consortium of banks and financial …

SEC secures $3.5bn financing facilities

August 13, 2022 Mohammad S

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 …

Masdar achieves financial close on 230MW Garadagh Solar PV Plant in Azerbaijan

August 2, 2022 Mohammad S

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 …

GS Inima announces financial closure for the Barka V Desalination Plant in Oman

July 20, 2022 Mohammad S

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 …

ADFD, ADEX sign loan agreements of $92m to finance water supply network project in Bahrain

July 17, 2022 Mohammad S

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 …