Acwa Power Enters New Financing Deal for Saudi Desalination Facility with KKR

03:30 AM EST, 12/22/2025 (MT Newswires) -- Acwa Power (SASE:2082) entered into a new financing deal for the Rabigh 3 desalination facility in Saudi Arabia, with private equity giant KKR as the anchor lender. The deal, which will provide long-term financing for the plant, replaces the project's previous debt facility, according to a Monday release. It also marks KKR's first investment in the country, Along with KKR, other investors such as Barings, Hong Kong Mortgage Corp., Clifford Capital, Sumitomo Mitsui Trust Bank, SBI Shinsei Bank, Riyadh Bank, and Abu Dhabi Commercial Bank were also part of the financing.