NBK Capital Partners successfully exits Saudi’s Energia

NBK Capital Partners successfully exits Saudi’s Energia

Dubai, UAE: Fund advised by NBK Capital Partners – an alternative investments firm that advises on providing flexible growth capital to mid-sized companies in the Middle East, North Africa, and Turkey – announced today its successful exit of its $26 million growth capital facility in Saudi’s Energia Model Trading & Contracting LLC (“Energia”).

The exit was financed with support from an Abu Dhabi-based investment firm which provided new facilities to the company for debt refinancing and further expansion including sustainable and green energy solutions.

At the time of the investment in November 2017, NBK Capital Partners partnered with founders of Energia to expand and take advantage of the increased construction activity and infrastructure spending stimulated by Saudi Vision 2030. During this period, the company more than doubled its revenues, widened its geographic coverage, and increased its fleet size by more than 20 percent.

Headquartered in Jubail, Energia has a nationwide presence with offices across all major cities in the Kingdom, a high-quality fleet, and deep engineering capabilities. The company has been a leading player in the Saudi temporary power solutions sector over the past decade and plays an integral role in providing turn-key power solutions to the Kingdom's rapidly growing economy and its