ACWA Power signs SAR 2.05 bln financing, security agreements for Rabigh 4 IWP project

ACWA Power signs SAR 2.05 bln financing, security agreements for Rabigh 4 IWP project

ACWA Power Co. announced that it signed financing and security agreements for Rawabi Water Desalination Company (Rabigh-4 Independent Water Plant (IWP) project) valued at SAR 2.05 billion. The financing parties include a consortium of local and international banks, including Standard Chartered Bank, Saudi National Bank (SNB), Riyad Bank, The Saudi Investment Bank (SAIB), and Bank of China,