Synergy Consulting, Inc. is pleased to share that it acted as the commercial and valuation advisor to Hassana Investment Company (HIC) for the acquisition of 30% stake in RAWEC – Rabigh Arabian Water & Electricity Company IWSPP for SAR 844 million.
RAWEC IWSPP is an operational asset owned with 360 MW power, ~30kt per day steam, and 130 m3 per day desalinated water capacity in Rabigh, in Western region of Saudi Arabia.
At the time of signing of the Share Purchase Agreement (SPA), ACWA owned 99% of RAWEC, operating under a long-term off-take agreement with Rabigh Refining & Petrochemical Company (Petro Rabigh).
Synergy supported HIC in valuation, buy-side due diligence and other commercial advisory-related aspects for the acquisition.
Read the full article here: https://www.argaam.com/en/article/articledetail/id/1732778
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