ACWA Power raises credit facility
Water and project developer ACWA Power
Jeddah - Arab Today
Water and project developer ACWA Power said it has increased its 2015 revolving credit facility by SR600 million to SR1.309 billion.
Saudi Hollandi Bank (SHB) funded all of the enhanced facility and the total facility is available until the third quarter of 2020, ACWA said in a statement.
ACWA also said it now has SR3.484 billion revolving credit facility at its disposal.
The facility used a Shariah-compliant murabaha structure, the statement said.
Source: Arab News
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