Rawabi Energy successfully concludes one of the largest private sector syndicated financing in Saudi Arabia valued at SAR 7.175bln

Rawabi Energy successfully concludes one of the largest private sector syndicated financing in Saudi Arabia valued at SAR 7.175bln

- SAR 7.175 billion syndicated financing to facilitate growth plans of Rawabi Energy and its subsidiaries

Al Khobar, Saudi Arabia: Rawabi Energy and its subsidiaries (together “Rawabi Energy”), today announced the successful conclusion of one of the largest private sector syndicated financing in the Kingdom of Saudi Arabia with the financial close of SAR 7.175 billion Syndicated multi-currency senior secured term and revolving SAR and USD facilities (the “Transaction”).

Led by strong market demand, the landmark Transaction was oversubscribed by 1.33x, reinforcing confidence in the Kingdom’s economy and the robust prospects for growth driven by the strategic vision of the leadership. The Transaction also highlights the investor trust in Rawabi Energy and Rawabi Holding Group, underpinned by strong fundamentals and exceptional expertise in the energy sector and other sectors. Several national and regional banks successfully arranged, structured, and concluded the market clearing structure and syndication strategy for Rawabi Energy.

The Transaction, one of the largest of its kind in the history of the Saudi market, represents a key milestone for Rawabi Energy, which devised a successful market clearing structure and syndication strategy. It also highlights the success of the company’s goal to expand Rawabi Energy’s bank group to include regional banks and attract