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Acwa Power's Water Desalination Affiliate Bags SAR2.1 Billion Financing

MT Newswires·12/25/2025 01:23:44
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01:23 AM EST, 12/25/2025 (MT Newswires) -- Saudi utility company Acwa Power (SASE:2082) said Thursday Ras Mohaisen First Water Desalination Co, its 45%-owned water desalination project, secured a 2.1 billion-Saudi-riyal financing. The facility will be used to develop a reverse osmosis water desalination plant in Saudi Arabia, with a capacity of 300,000 cubic meters per day. The plant will also house potable water tanks for 600,000 cubic meters of water. The 29.5-year financing was obtained from Banque Saudi Fransi, Riyad Bank, Saudi Investment Bank and Standard Chartered Bank.