ACWA Power provides guarantee to SNB for Shuaibah’s $100 mln bridge loan

01/03/2023 Argaam

ACWA Power logo

ACWA Power Co. announced providing a parent company guarantee to Saudi National Bank (SNB) for a $100 million equity bridge loan (EBL) provided to its subsidiary, Shuaibah Holding Co.

 

In a statement to Tadawul, the utility said the facility is related to Al Shuaibah 1 & Al Shuaibah 2 Solar PV IPP.

 

SNB is a related party to ACWA Power.

 

Additionally, this transaction is an indirect interest for Abdullah Al-Ruwais, a board member at ACWA Power and SNB.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read