acwa power raises credit facility
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

ACWA Power raises credit facility

Arab Today, arab today

Arab Today, arab today ACWA Power raises credit facility

Water and project developer ACWA Power
Jeddah - Arab Today

Water and project developer ACWA Power said it has increased its 2015 revolving credit facility by SR600 million to SR1.309 billion.
Saudi Hollandi Bank (SHB) funded all of the enhanced facility and the total facility is available until the third quarter of 2020, ACWA said in a statement.
ACWA also said it now has SR3.484 billion revolving credit facility at its disposal.
The facility used a Shariah-compliant murabaha structure, the statement said.

Source: Arab News

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