Adnoc JV Ta'ziz Completes $1.39 Billion Financing for Ruwais Projects

09:04 AM EST, 11/04/2026 (MT Newswires) -- Abu Dhabi-based Ta'ziz closed $1.39 billion in financing for its terminal and ammonia projects in Ruwais, United Arab Emirates, with both transactions oversubscribed. The joint venture between Abu Dhabi National Oil Co. and Abu Dhabi Developmental Holding Co. secured over $928 million for its terminal project, including $225 million in Islamic financing, and raised more than $460 million for its ammonia project, according to a Wednesday release. Ta'ziz said development of the terminal project, which will serve as the logistics gateway for the Ta'ziz Industrial Chemicals Zone, is 70% complete. Meanwhile, the ammonia facility, which will have a production capacity of 1 million tonnes per year, is over 90% complete.