Saudi Arabia has mandated banks for a potential Euro-denominated dual tranche Reg S / Rule 144A offering, consisting of a seven-year inaugural green bond and a 12-year conventional bond. The kingdom has stated an amount equal to the net proceeds from the issuance of the green tranche will be used to finance eligible green projects in
Saudi Arabia’s integrated utility ACWA Power has signed a share purchase agreement (SPA) with the regional subsidiary of French utility developer ENGIE, to acquire assets worth $693 million, and marking its entry in Kuwait. The acquisition encompasses operating capacities of 4.61GW of gas-fired power generation and 1.11 million cubic meters per day (m3/day) of water desalination facilities,
Many people were surprised to find that most Olympians end up needing to keep their day jobs. Naturally, there’s another, vastly different side to the story of prize money: In countries like Saudi Arabia that have never won a gold medal, the prize winnings could be enough to set the athletes up for life—or certainly
Facing an economic crisis and consequently fewer US dollars and other hard currencies, Egypt floated a three-year sustainability panda bond worth 3.5 billion yuan (US$478 million) in October. Panda bonds – typically denominated in yuan and issued in China by non-Chinese organisations, including governments and corporations – have gained traction as traders and countries seek
Lucid Group Inc. will get a cash infusion of as much as $1.5 billion from an affiliate of Saudi Arabia’s Public Investment Fund as the electric-car maker readies its first sport utility vehicle. Ayar Third Investment Company has agreed to make the investments by purchasing $750 million of convertible preferred stock and providing a $750