SAUDI ARABIA: Rawabi Energy and its subsidiaries have concluded one of the largest private sector syndicated financings in Saudi Arabia with the financial close of SAR7.18 billion (US$1.91 billion)-worth of syndicated multicurrency senior secured term and revolving Saudi riyal and US dollar facilities, according to a press release.
The mandated lead arrangers included Saudi Awwal Bank, Saudi National Bank, Alinma Bank, Riyad Bank, Bank Al Jazira and Al Rajhi Banking and Investment Corporation. The lending group also included First Abu Dhabi Bank acting as the lead arranger.