Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
26-07-22
Abu Dhabi's Ruya finances USD20m in Saudi power firm Energia
(MENAFN) Abu Dhabi-based Ruya Partners, a developing markets private credit company, has financed 75 million Saudi riyals (USD20m) in Saudi Arabia-based temporary power solutions provider Energia.
The capital is going to allow Energia to obtain additional properties, refinance its near-term developments and concentrate on its expansion initiatives, such as maintainable and green energy solutions, the entities stated in a mutual announcement on Monday.
Rashid Siddiqi, founding partner at Ruya, stated that “We believe the TPS sector is critical for the economy and is well-positioned to benefit from a robust cyclical growth driven by increased economic activity in infrastructure, construction, oil and gas, events and tourism.”
Within the TPS area, Energia has managed to do “a remarkable job of building a strong reputation and securing a leading market position … we are very excited to partner with them”, as stated by Mr Siddiqi.
Power request in Saudi Arabia, the main regional consumer of electricity, is expanding quickly as the kingdom alters its economy below its Vision 2030 strategy.
MENAFN26072022000045014228ID1104591521
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us