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Saudi Exchange/Tadawul

Saudi Exchange/Tadawul News

Visitors inspect a combat helicopter at a Riyadh defence show. Saudi Arabia is one of the world's biggest military spenders

Zamil wins $153m deal to build Saudi defence complex

A Dammam construction company has won a SAR575 million ($153 million) contract to build a defence manufacturing complex in Al Kharj, central Saudi Arabia. Zamil Steel Construction Company agreed the deal with Saudi Arabian Military Industries (Sami), a Public Investment Fund company set up to lead the development of the kingdom’s defence industry. The Al […]

Saudi Arabia's Rabigh 4 desalination plant has a capacity of up to 600,000 cubic metres per day

Acwa Power secures $545m for Saudi desalination project

Saudi Arabian energy developer Acwa Power has secured funding of SAR2.045 billion ($545.3 million) for the Rawabi Water Desalination Company (Rabigh 4) independent water plant project in Saudi Arabia. The funding came from a consortium of local and global banks, including Standard Chartered Bank, Saudi National Bank, Riyadh Bank, The Saudi Investment Bank and Bank […]

Acwa Power Egypt loans

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 […]

Engine, Machine, Motor

ACWA Power signs $2.4bn wind farm deal in Uzbekistan

Saudi-listed ACWA Power has signed a power acquisition deal with the National Electric Grid of Uzbekistan to build three wind power plants in the country. According to a bourse filing to the Tadawul exchange, the $2.4 billion Kungrad wind farm project in the north-western Karakalpakstan district of Uzbekistan, will be implemented through special purpose vehicles. […]

Aluminium Bahrain BSC is the first aluminium smelter in the Middle East

Alba confirms it is ‘exploring’ listing in Saudi Arabia

Bahrain’s sovereign wealth fund Mumtalakat is considering a secondary listing of Aluminium Bahrain BSC (Alba) on Saudi Arabia’s Tadawul stock market. Alba said in a statement to the Bahrain Stock Exchange yesterday it is “exploring various opportunities, one of which is a potential secondary listing on Saudi Arabia’s Stock Exchange which is currently under evaluation […]