UAE Insider
    What's Hot
    Business

    DEWA receives applications from local and international companies seeking to participate in 27th edition of WETEX

    Business

    CarbonSifr and Careem Launch Eco-Friendly Rides in Saudi Arabia with Transport General Authority and MEWA’s Sedrah Program, supporting MEWA’s tree planting projects.   

    life

    The Qatar Incentive Programme for UAE Travel Agents returns in its second edition bringing more opportunities for travellers to experience Qatar’s rich culture and experiences

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Saturday, June 7
    UAE Insider
    • Home
    • News

      SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

      Saudi Arabia unveils groundbreaking AI venture, Humain, prior to Trump’s Visit

      Absolute Barbecues – Dubai’s Most Loved BBQ Spot Celebrates Over 10 Years of Sizzle

      The Environment Agency – Abu Dhabi Issues a Resolution Specifying Areas where Drilling of New Groundwater Wells is Prohibited

      Greenpeace MENA, Ajman University, and UAE Universities Climate Network Celebrate ‘Wellbeing Economy Award’ Winners

    • Business

      Saudi Roads Authority Deploys World’s Largest AI-Powered Road Inspection Fleet During Hajj

      Rabdan Academy Launches the First Edition of the “Inclusivity in Safety” Conference to Strengthen Community Emergency Response Resilience

      Europe’s iGaming Hub to Host 6,000 Strong at SBC Summit Malta

      Comera Finance, Part of Abu Dhabi’s Royal Group, Receives In-Principle Approval From The Central Bank of UAE For A Finance Company License

      SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

    • Life

      BEN SULAYEM GUIDES FIA TO FINANCIAL TURNAROUND, MARKING NEW ERA OF GROWTH AND STABILITY

      Youmi Beauty Launches Made for Me – A Customizable Haircare Ritual Rooted in Romance, Innovation & Individuality

      UAE Breaks New Ground in Sustainability on Earth Day: 5.8 Million Litres Harvested from Air and 11.6 Million Plastic Bottles Eliminated

      Absolute Barbecues – Dubai’s Most Loved BBQ Spot Celebrates Over 10 Years of Sizzle

      Bahrain to Host the Global Brush Exhibition Featuring 100 International Artists

    Facebook Twitter Instagram Pinterest
    UAE Insider
    Home » Rawabi Energy Successfully Concludes One Of The Largest Private Sector Syndicated Financing In Saudi Arabia
    Business

    Rawabi Energy Successfully Concludes One Of The Largest Private Sector Syndicated Financing In Saudi Arabia

    Facebook Twitter Pinterest WhatsApp LinkedIn
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    Rawabi Energy and its subsidiaries (together“Rawabi Energy”), today announced the successful conclusion of one of the largest private sector syndicated financing in the Kingdom of Saudi Arabia with the financial close of SAR 7.175 billion Syndicated multi-currency senior secured term and revolving SAR and USD facilities (the“Transaction”).

    Led by strong market demand, the landmark Transaction was oversubscribed by 1.33x, reinforcing confidence in the Kingdom’s economy and the robust prospects for growth driven by the strategic vision of the leadership. The Transaction also highlights the investor trust in Rawabi Energy and Rawabi Holding Group, underpinned by strong fundamentals and exceptional expertise in the energy sector and other sectors. Several national and regional banks successfully arranged, structured, and concluded the market clearing structure and syndication strategy for Rawabi Energy.

    The Transaction, one of the largest of its kind in the history of the Saudi market, represents a key milestone for Rawabi Energy, which devised a successful market clearing structure and syndication strategy. It also highlights the success of the company’s goal to expand Rawabi Energy’s bank group to include regional banks and attract USD liquidity on a long-term basis. The Transaction will accelerate its growth plans, underpinned by a full capital structure take-out and refinancing of existing indebtedness.

    HSBC Saudi Arabia acted as the sole Structuring Bank, Joint Global Coordinator, Global Agent, Facility Agent and Investment Agent. Gulf International Bank B.S.C. and Gulf International Bank – Saudi Arabia (together“GIB”) acted as Joint Global Coordinator, Mandated Lead Arranger, Facility Agent, and Security Agent. The Mandated Lead Arrangers included Saudi Awwal Bank (SAB), Saudi National Bank (SNB), Alinma Bank, Riyad Bank, Bank Al Jazira, and Al Rajhi Banking and Investment Corporation (AlRajhi Bank). The lending group also included First Abu Dhabi Bank (FAB) acting as Lead Arranger.

    Abdulaziz Ali AlTurki, Rawabi Holding Group Chairman and the Chairman of Rawabi Energy, said:“We are delighted to receive this level of support on our debut Dual-Currency Syndicated transaction from the local and regional banking community. This transaction demonstrates the strong partnership we have with our financiers, who have supported our growth over the years and played a key role in positioning Rawabi Energy as a National Champion, aligning with our wise leadership’s limitless ambitions.”

    “This transaction demonstrates the robustness and agility of Rawabi Energy. As a major player in the Energy Services sector, we have committed our resources toward sustainable growth, best in class quality and technology leadership. This financing marks an additional diversification element, unlocks capital and showcases the level of sophistication the group has,” said Osman Ibrahim, Rawabi Holding Vice Chairman and Group CEO and Rawabi Energy Vice Chairman.

    The Managing Director of Rawabi Energy, Ahmed Alqadeeb, added:“Rawabi Energy plays a vital role in supporting the Oil & Gas sector in Saudi Arabia while being totally aligned with the Kingdom’s sustainability targets. With our industry leadership, commitment and growth plans, we will continue to deliver and achieve, aligning with Saudi Arabia’s Vision 2030. It is important to maintain a prudent financial policy and captive capital structure. This transaction streamlines our existing finances and provides us with the required funding for further growth.”

    Ahmad AlShubbar, the Group VP of Treasury & Strategy, Board Member of Rawabi Energy, said:“The group has shown its ability to fund its operations throughout the economic cycles, thanks to the level of transparency, strict corporate governance, management agility and resilience of the business. After successfully tapping the Debt Capital Markets, today we take a step further and tap the Loans Capital Markets with a groundbreaking debut Syndicated Facility which received a remarkable level of demand and achieved our transaction objectives. We appreciate and thank our partners in the banking sector for their trust in Rawabi Energy and its management team and for their contribution to the success of this landmark financing.”

    Rawabi Energy, a closed joint stock company, was incorporated in AlKhobar in 2020 to consolidate Rawabi Holding Group’s Energy Services operations into an integrated onshore and offshore oil and gas field services. Rawabi Energy provides services to its strategic clients, the national and international oil companies. Rawabi Energy company comprises of Rawabi Vallianz Offshore Services (RVOS), Rawabi Oil & Gas (ROG), and United Safety Limited in Canada, to name a few, and has interests in several other international entities.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Business

    Saudi Roads Authority Deploys World’s Largest AI-Powered Road Inspection Fleet During Hajj

    Business

    Rabdan Academy Launches the First Edition of the “Inclusivity in Safety” Conference to Strengthen Community Emergency Response Resilience

    Business

    Europe’s iGaming Hub to Host 6,000 Strong at SBC Summit Malta

    Business

    Comera Finance, Part of Abu Dhabi’s Royal Group, Receives In-Principle Approval From The Central Bank of UAE For A Finance Company License

    Business

    SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

    Business

    Ministry of Culture Launches Cultural Competitions for Emirati Children and Youth

    Business

    COREangels launches $10 million fund to support MEA startups

    Business

    UAE Partners with OpenAI to Build One of the World’s Largest Data Centres

    Add A Comment

    Leave A Reply Cancel Reply

    Stay In Touch
    • Facebook
    • Twitter
    Don't Miss
    life

    BEN SULAYEM GUIDES FIA TO FINANCIAL TURNAROUND, MARKING NEW ERA OF GROWTH AND STABILITY

    Federation reports strongest financial result in almost ten years – operating result of € 4.7m…

    CNTXT and Oracle Strengthen AI Collaboration to Drive Innovation

    Hewlett Packard Enterprise introduces new AI and hybrid cloud programs to boost partner profitability

    Ajman Tourism Development Department signs two strategic MoUs with Coral Touristik GmbH and Vtours

    Supporting Emirati Talent: ENEC Participates in Al Dhafra Career Fair to Inspire Future Energy Leaders

    Recent Posts

    • Saudi Roads Authority Deploys World’s Largest AI-Powered Road Inspection Fleet During Hajj
    • Rabdan Academy Launches the First Edition of the “Inclusivity in Safety” Conference to Strengthen Community Emergency Response Resilience
    • Europe’s iGaming Hub to Host 6,000 Strong at SBC Summit Malta
    • Comera Finance, Part of Abu Dhabi’s Royal Group, Receives In-Principle Approval From The Central Bank of UAE For A Finance Company License
    • SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting
    Our Picks
    Business

    Egypt’s InfiniLink raises $10 million seed round

    Business

    talabat UAE joins hands with trusted charity partners to launch several Ramadan campaigns

    life

    ADRIFT BURGER BAR OPENS ITS FIRST PERMANENT LOCATION

    life

    Experimental film “A Tribute” by Director Hana El Sadek screens in Dubai featuring Zeina Madwar’s ZM Collections

    Must Read
    Business

    World’s first ketchup insurance policy drives sales across the UAE

    Business

    Advancing Cloud-Native Application Security: Veracode Connects Security from Code to Cloud with the Acquisition of Longbow Security

    Categories
    • Business (296)
    • life (122)
    • News (124)
    Our Picks
    life

    Exclusive MICHELIN Stars Table Experience at Emirates Palace Mandarin Oriental

    Business

    Azizi Developments unveils Azizi Milan, the new fashion capital of the Middle East

    About us

    Stay connected with UAEInsider, your ultimate source for insightful news, updates, and analysis on all things UAE and beyond. Dive into the heart of the Emirates’ stories, explore diverse perspectives, and stay informed about the latest developments shaping our region and the world.

    UAE Insider
    Facebook Twitter Instagram Pinterest
    • Home
    • Privacy Policy
    • Terms & Conditions
    © 2025 UAE Insider.

    Type above and press Enter to search. Press Esc to cancel.