Company Insights Arab Bank Banking and Finance Arab Bank News Renewable Energy Acwa Power secures $123m for Egyptian solar project Acwa Power, the Saudi-based energy developer, has secured $123 million of loans to reach financial close on a $182 million solar project in Egypt. The financing for the Kom Ombo solar plant, which will add 200MW of energy capacity, comes from a range of banks and funds. According to a filing to the Saudi Stock […] August 30, 2023 Banking and Finance Saudi’s ANB invests $38.2m in new Iraqi bank Saudi Arabia’s Arab National Bank (ANB) will invest $38.2 million to set up a new bank in Iraq, as it looks to boost trade exchange for its customers and expand into new markets. ANB, one of the kingdom’s largest lenders with assets of SAR214.04 billion ($57 billion), will own a 20 percent stake in the […] May 16, 2023 Transport Invygo, Gulf’s largest car subscription startup, raises $10m Invygo, the Gulf’s first car subscription operator, has secured $10 million in new funding, endorsing a trend for businesses to opt for renting over ownership. Headquartered in Saudi Arabia and the UAE, Invygo is an app-based service that allows people to choose, drive and swap cars. Founded in 2019, the new funding was led by […] October 31, 2022 Posts navigation Previous 1 2
Renewable Energy Acwa Power secures $123m for Egyptian solar project Acwa Power, the Saudi-based energy developer, has secured $123 million of loans to reach financial close on a $182 million solar project in Egypt. The financing for the Kom Ombo solar plant, which will add 200MW of energy capacity, comes from a range of banks and funds. According to a filing to the Saudi Stock […] August 30, 2023
Banking and Finance Saudi’s ANB invests $38.2m in new Iraqi bank Saudi Arabia’s Arab National Bank (ANB) will invest $38.2 million to set up a new bank in Iraq, as it looks to boost trade exchange for its customers and expand into new markets. ANB, one of the kingdom’s largest lenders with assets of SAR214.04 billion ($57 billion), will own a 20 percent stake in the […] May 16, 2023
Transport Invygo, Gulf’s largest car subscription startup, raises $10m Invygo, the Gulf’s first car subscription operator, has secured $10 million in new funding, endorsing a trend for businesses to opt for renting over ownership. Headquartered in Saudi Arabia and the UAE, Invygo is an app-based service that allows people to choose, drive and swap cars. Founded in 2019, the new funding was led by […] October 31, 2022
