Acwa Power closes Rawec refinancing facility – MEED
- Date: 05-Jan-2022
- Source: MEED
- Sector:Oil & Gas
- Country:Saudi Arabia
Acwa Power closes Rawec refinancing facility – MEED
Developer maintains 99 per cent shareholding in a power, water and steam plant in Rabigh
Saudi Arabia-based utilities developer and investor Acwa Power has reached preliminary financial closure for a $125m senior refinancing facility for its subsidiary, Rabigh Arabian Water & Electricity Company (Rawec).
The facility will be used to finance expenses and general corporate purposes, including distribution of dividends, the firm said in a bourse filing on 2 January.
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