ACWA Power SR1.109 billion murabaha financing

Overview:

• International Company for Water & Power Projects (ACWA Power) has taken out two syndicated commodity murabaha (deferred sale) financings.
• The deal consisted of a new revolving facility valued at SR709 million provided by Bank Al-Bilad, Saudi Hollandi Bank and Arab National Bank and an upsizing of a five year revolving facility by SR400 million taking it to SR2.175 billion involving National Commercial Bank, Samba Financial Group, Banque Saudi Fransi and the Saudi British Bank.
• ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants across the Middle East and Africa.

Sam Duke - Editor