Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Burgan Bank's salary account Al Rateb tailored to meet needs of employees
- Zain's API monetization arm Dizlee partners with Aduna
- Dukhan signs 'exclusive agreement' with GIP to provide Shariah-compliant strategic products, solutions
- QNB Group announces winners of exclusive Sea Ray boats at Qatar Boat Show 2025
- Qatar Islamic Bank announces new Misk Account millionaire
- Duqm Refinery eyes 10% capacity increase
- Total investment in Al Mazunah Free Zone tops RO140mn
- NBK, Mabanee sign $81.46m green financing deal
- Saudi Arabia Underlines Commitment to Responsible Mineral Sourcing at Paris Peace Forum
- Dubai gold prices to stay low this week - will it crash again before 2025 ends?
22/10/2025 01:40 AST
Leading global utility project developer Acwa Power has announced that one of its key affiliates - Hajar Two Electricity Company - has achieved a SAR10.8 billion ($2.9 billion) financial close for the Qurayyah CCGT IPP Expansion Project located in the Eastern Province of Saudi Arabia.
Once operational, the combined cycle power plant will boast a production capacity of 3,010MW, said Acwa Power in its filing to Saudi bourse Tadawul.
A major player in the region, Acwa Power's effective shareholding in the project is 40%. Its scope of work work includes development, construction, owning and operation of a combined cycle gas turbine (CCGT) facility.
The 28-year funding was secured by a group of local, regional, and international lenders. These include Abu Dhabi Commercial Bank; Ajman Bank; Alinma Bank; Arab National Bank; Banque Saudi Fransi; Boubyan Bank; Commercial Bank of Dubai; Eurobank; HSBC: National Bank of Kuwait; Riyad Bank; Saudi Awwal Bank; Standard Chartered Bank; Sumitomo Mitsui Trust Bank; The Korea Development Bank; The Saudi Investment Bank and The Saudi National Bank.
Trade Arabia
04/11/2025
Saudi Arabia's Public Investment Fund and ACWA Power have signed a memorandum of understanding to explore opportunities for developing energy and water infrastructure projects for PIF's local real es
Arab News
30/10/2025
Saudi utilities giant ACWA Power plans to forge strategic partnerships and secure major financing to support its sustainability goals and strengthen Saudi Arabia's position as a global leader in clea
Arab News
06/10/2025
Consortiums led by leading utility majors including French group EDF Renouvelables; Hong Kong-based Jinko Power and Chinese group Tianjin Zhonghuan New Energy as well as regional giants Saudi-based A
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| TAQA | 3.42 | -0.02 (-0.59 |
| DEWA | 2.82 | 0.02 (0.71 |
| SAUDIELECTRICITY | 14.55 | -0.06 (-0.42 |
| EMPOWER | 1.61 | -0.02 (-1.23 |
| MARAFIQ | 40.76 | -1.18 (-2.82 |
10/11/2025
In its latest effort to enrich customers' banking journey with added value, Burgan Bank presents Kuwaiti employees with salary account, Al Rateb, tailored conveniently to meet their needs and financi
Kuwait Times
10/11/2025
Dizlee, Zain Group's API (application programming interface) digital monetization ecosystem provider has entered a strategic partnership with Aduna, enabling faster deployment of new digital services
Kuwait Times
10/11/2025
Dukhan Bank has signed a strategic Memorandum of Understanding (MoU) with Global Infrastructure Partners (GIP), a part of BlackRock, marking a historic first for the Qatari banking sector.
A
Gulf Times
10/11/2025
QNB Group announced the winners of two Sea Ray boats as part of its QNB Visa Credit Card Summer Campaign during the Qatar Boat Show 2025 - a four-day luxury event at Doha Port showcasing world-class
Gulf Times
10/11/2025
Qatar Islamic Bank (QIB has announced the latest millionaire as part of the Misk Account 8th edition, continuing its commitment to rewarding responsible saving and empowering customers across Qatar.
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah Saudi Arabia