Ruya Partners provides a SAR75mln ($20mln) growth capital investment to Energia

Ruya Partners provides a SAR75mln ($20mln) growth capital investment to Energia

Abu Dhabi-based Ruya Partners ("Ruya") announced today that it completed a SAR 75 million (USD 20 million) investment into Energia MGCC ("Energia"), a leading temporary power solutions ("TPS") provider in Saudi Arabia.

Headquartered in Jubail, Energia has a nationwide presence with offices across all major cities, a high-quality fleet, and deep engineering capabilities. The Company has been a leading player in the Saudi TPS 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 evolving power needs. Some of Energia’s most recent projects include The Saudi Electric Company National Grid Support Project, Saudi Aramco HUGRS Gas Refinery Critical Power Project, Riyadh Metro Project, Dammam Airport Emergency Power, and significant events such as Formula 1 and Riyadh Season.

Ruya's investment will further strengthen Energia and enable it to acquire new assets, refinance its near-term maturities, and focus on its growth initiatives, including sustainable and green energy solutions.

Shahid Hassan, Energia’s Founder and CEO commented: "Our journey began in 2011 with the aim to deliver high-quality, dependable power solutions to our customers. Thanks to our loyal customers and hardworking teams, we have grown considerably since our humble beginning. We are proud of