ACWA Power completes financial close of SR 1.3 billion debt facility

ACWA Power says that it has completed the financial close of a debt facility worth SR 1.30 billion (instead of SR 1.33 billion) for the Red Sea multi-utility project.

The financiers now include Saudi National Bank (SNB) besides the other lenders mentioned in the previous announcement.

The financiers of the financial close include Al-Rajhi Banking and Investment Corporation,  Banque Saudi Fransi, SABB, APICORP, Standard Chartered and Riyad Bank.