Latest news with #ZaidGhoul
Arabian Post
15 hours ago
- Business
- Arabian Post
Acwa Power Secures $1.9 Billion Capital Boost
Greenlogue/AP SNB Capital has successfully facilitated the completion of a significant SAR7.1 billion capital increase for Acwa Power, a leading Saudi developer, investor, and operator of power generation and desalination plants. The deal, executed through a rights issue on the Saudi Exchange, marks one of the largest transactions of its kind in the region. The transaction involved the issuance of 33.93 million new shares, priced at SAR210 per share, equating to a 4.63% increase in the company's share capital. SNB Capital, a prominent regional financial institution, played multiple roles, acting as the lead manager, joint financial advisor, and lead underwriter for the deal. ADVERTISEMENT The offering drew substantial interest from investors, with the initial subscription phase seeing an impressive coverage rate exceeding 96%. The rump offering was significantly oversubscribed, garnering five times the demand at an average share price of SAR221.54. This response highlights the market's confidence in Acwa Power's growth trajectory and its strategic position in the power and water sector. Zaid Ghoul, the Managing Director and Head of Investment Banking at SNB Capital, expressed pride in supporting Acwa Power through such a landmark transaction. 'This milestone reflects the deep trust our clients place in us to advise on key strategic initiatives,' he said. Acwa Power, which has established itself as a leading player in renewable energy, aims to use the proceeds from the capital increase to fund new projects and further strengthen its position in the global energy market. With a focus on sustainable energy and innovative water solutions, the company is well-positioned to meet growing demand in both sectors, particularly in the Middle East, North Africa, and South Asia. The rights issue not only reflects Acwa Power's strong market position but also signals confidence in the broader Saudi economic vision, which places a significant emphasis on renewable energy and sustainability. Saudi Arabia, as part of its Vision 2030, has increasingly positioned itself as a hub for clean energy initiatives, with several large-scale projects underway across the country. Acwa Power's portfolio includes projects such as the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, one of the largest single-site solar parks in the world, and the Shuaibah Independent Water and Power Project in Saudi Arabia, one of the largest desalination plants in the region. The company is also expanding its reach into emerging markets, seeking to bring innovative power and water solutions to countries facing infrastructure and resource challenges. The completion of this capital increase strengthens Acwa Power's ability to invest in these growing markets and build upon its reputation as a leader in the energy sector. The company has also gained substantial backing from both institutional and retail investors, further solidifying its credibility and presence in the capital markets. For SNB Capital, this deal further cements its role as a key financial advisor and underwriter in the region's energy sector. Its ability to attract strong investor interest and manage such a large transaction reflects the growing demand for high-value deals in the Middle East's booming infrastructure and renewable energy markets.
Zawya
16 hours ago
- Business
- Zawya
SNB Capital leads $1.9bln rights issue for ACWA Power
SNB Capital, a leading regional financial institution, said it has successfully completed the SAR7.1 billion ($1.9 billion) capital increase of Acwa Power, Saudi Arabia's leading developer, investor, and operator of power generation and desalinated water plants, through a rights issue on the Saudi Exchange (Tadawul), delivering one of the largest rights issues by value ever concluded in the region. SNB Capital acted as lead manager, joint financial advisor, and lead underwriter. The transaction saw the issuance of 33.93 million new shares at SAR210 ($56) per share, representing a 4.63% increase in Acwa Power's share capital. The offering attracted robust investor interest, with subscription coverage exceeding 96% during the initial phase and the rump offering oversubscribed by 5.9 times completed at an average share price of SAR221.54 ($59). "Supporting Acwa Power on this milestone transaction reflects the deep trust our clients place in us to help advise on strategic initiatives," said Zaid Ghoul, the Managing Director and Head of Investment Banking at SNB Capital. "We remain committed to providing tailored capital markets solutions that enable sustainable growth, support economic diversification, and contribute meaningfully to the continued evolution of Saudi Arabia's financial ecosystem," stated Ghoul. The strong market response reflects investor confidence in Acwa Power's growth strategy and underscores SNB Capital's ability to execute large and complex transactions, drawing on its extensive experience in capital markets, and highlights the strength of its advisory platform. SNB Capital remains committed to supporting the development and attractiveness of the kingdom's financial markets, actively contributing to economic diversification in line with Vision 2030 by offering world-class advisory services to both local and international clients, he added.- TradeArabia News Service Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. ( RIYADH
Zawya
24-03-2025
- Business
- Zawya
SNB Capital advises Rajhi Invest on the divestment of 40% stake in Berain Water Company
RIYADH, Saudi Arabia: SNB Capital acted as the sole financial advisor of Mohammed Abdulaziz Al-Rajhi & Sons Investment Company ('Rajhi Invest') on the divestment of its 40% minority interest in Berain Water Company ('Berain'), to Hassana Investment Company ('Hassana') the investment manager of Saudi Arabia's General Organization for Social Insurance ('GOSI'). Berain is a key player in the bottled water sector in Saudi Arabia, offering its products under a well-established multi-brand portfolio. The company has a fully integrated business model, strategically positioned to leverage its robust manufacturing capabilities, efficient procurement processes, and an extensive logistics and distribution network. Within three state-of-the-art factories located in Riyadh and Jeddah, along with 24 storage and warehousing facilities across various cities in Saudi Arabia, Berain is well-equipped to meet the growing demand for its products across the Kingdom. Commenting on the transaction, Zaid Ghoul, Managing Director and Head of Investment Banking at SNB Capital said 'The transaction comes as the Saudi consumer sector continues to present excellent growth opportunities driven by strong demographics and supplemented by significant and growing tourism inflows. Additionally, the bottled water industry benefits from increasing health awareness on the back of Vision 2030 initiatives to reduce consumption of sugary beverages and continuous investments in health infrastructure including fitness and recreational facilities. The transaction aligns Hassana's long term investment strategy in the consumer sector with Rajhi Invest's track record of building successful industrial players, and is an excellent partnership platform between the stakeholders'. SNB Capital continues to play a leading role offering strategic support and financial expertise in mergers and acquisitions, in addition to its visible role in equity and debt capital market, corporate finance and debt advisory. SNB Capital remains committed to helping companies expand and achieve their ambitions. About SNB Capital: SNB Capital Company, a licensed entity by Capital Market Authority (CMA), is a leading regional financial institution with deep industry expertise across five business lines: Asset Management, Wealth Management, Securities, Investment Banking, and Principal Investments. SNB Capital is the top ranked broker in terms of market share on the Saudi Exchange as of December 2024, and the largest asset manager in Saudi Arabia with SAR 239 billion (USD 63.73 billion) of assets under management as of March 2024. Further information is available at Follow SNB Capital on X @Capital_SNB. For media or general inquiries contact: snbccom@
Zawya
24-03-2025
- Business
- Zawya
SNB Capital plays advisor to Rajhi Invest on Berain stake deal
Saudi Arabia - SNB Capital, a leading regional financial institution, said it had acted as the sole financial advisor of Mohammed Abdulaziz Al Rajhi & Sons Investment Company (Rajhi Invest) on the divestment of its 40% minority interest in Berain Water Company to Hassana, the investment manager of Saudi Arabia's General Organization for Social Insurance (GOSI). Berain is a key player in the bottled water sector in Saudi Arabia, offering its products under a well-established multi-brand portfolio. The company has a fully integrated business model, strategically positioned to leverage its robust manufacturing capabilities, efficient procurement processes, and an extensive logistics and distribution network. Within three state-of-the-art factories located in Riyadh and Jeddah, along with 24 storage and warehousing facilities across various cities in Saudi Arabia, Berain is well-equipped to meet the growing demand for its products across the Kingdom. On the transaction, Zaid Ghoul, Managing Director and Head of Investment Banking at SNB Capital said 'The transaction comes as the Saudi consumer sector continues to present excellent growth opportunities driven by strong demographics and supplemented by significant and growing tourism inflows. Additionally, the bottled water industry benefits from increasing health awareness on the back of Vision 2030 initiatives to reduce consumption of sugary beverages and continuous investments in health infrastructure including fitness and recreational facilities. The transaction aligns Hassana's long term investment strategy in the consumer sector with Rajhi Invest's track record of building successful industrial players, and is an excellent partnership platform between the stakeholders'. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
23-03-2025
- Business
- Trade Arabia
SNB Capital plays advisor to Rajhi Invest on Berain stake deal
SNB Capital, a leading regional financial institution, said it had acted as the sole financial advisor of Mohammed Abdulaziz Al Rajhi & Sons Investment Company (Rajhi Invest) on the divestment of its 40% minority interest in Berain Water Company to Hassana, the investment manager of Saudi Arabia's General Organization for Social Insurance (GOSI). Berain is a key player in the bottled water sector in Saudi Arabia, offering its products under a well-established multi-brand portfolio. The company has a fully integrated business model, strategically positioned to leverage its robust manufacturing capabilities, efficient procurement processes, and an extensive logistics and distribution network. Within three state-of-the-art factories located in Riyadh and Jeddah, along with 24 storage and warehousing facilities across various cities in Saudi Arabia, Berain is well-equipped to meet the growing demand for its products across the Kingdom. On the transaction, Zaid Ghoul, Managing Director and Head of Investment Banking at SNB Capital said 'The transaction comes as the Saudi consumer sector continues to present excellent growth opportunities driven by strong demographics and supplemented by significant and growing tourism inflows. Additionally, the bottled water industry benefits from increasing health awareness on the back of Vision 2030 initiatives to reduce consumption of sugary beverages and continuous investments in health infrastructure including fitness and recreational facilities. The transaction aligns Hassana's long term investment strategy in the consumer sector with Rajhi Invest's track record of building successful industrial players, and is an excellent partnership platform between the stakeholders'.
