Rawabi Energy closes $1.9bn syndicated deal ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
Rawabi Energy closes $1.9bn syndicated deal
Rawabi Energy and its subsidiaries have announced the successful conclusion of one of the largest private sector syndicated financial deals in the Kingdom of Saudi Arabia. It has successfully closed with the sum of SAR7.175bn ($1.913bn) as a syndicated, multi-currency senior secured package using both SAR and USD facilities. Led by strong market demand, the landmark transaction was oversubscribed by 1.33x, reinforcing confidence in the kingdom’s economy and its widely-heralded, robust prospects for growth. Rawabi Energy’s announcement underlines how the transaction also highlights the investor trust in the company and the Rawabi Holding Group, underpinned by their strong fundamentals and exc

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