ACWA Power signs US$300 million inaugural Corporate Murabaha Facility
ACWA Power International announced the implementation of its inaugural corporate credit facility structured on Murabaha basis ("Facility"). Standard Chartered was co-ordinator for the facility. The Facility is appreciated at up to US$300 million.
Besides the fact that it is the maiden medium term murabaha facility at the corporate level, the fact that it is secured by its own balance sheet without any shareholder credit supports is a testament to the confidence in ACWA Power's capability, capacity and credit standing.