Synergy Consulting, Inc. receives the IJ Global Middle East and North Africa (MENA) Awards 2022 at award ceremony in Dubai on April 26th, 2023

Synergy Consulting, Inc. is honored and delighted to receive the 𝗜𝗝 𝗚𝗹𝗼𝗯𝗮𝗹 Middle East and North Africa (MENA) 𝗔𝘄𝗮𝗿𝗱𝘀 2022 in the following categories at an award ceremony in Dubai on April 26th, 2023:

• “𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 𝐨𝐟 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫” 𝐌𝐄𝐍𝐀 𝐑𝐞𝐠𝐢𝐨𝐧”
• “𝗗𝗲𝗮𝗹 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿” 𝐀𝘄𝗮𝗿𝗱”
o “Advanced Petrochemicals, Saudi Arabia”
• “𝗗𝗲𝗮𝗹 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿 𝐀𝘄𝗮𝗿𝗱”
o “Chemanol Refinancing & Expansion, Saudi Arabia”

Synergy is deeply thankful to IJ Global and expresses gratitude for this recognition and the awards.

Synergy has emerged as a leader in the MENA delivering growth in the region with marque projects and delivering trust.

Synergy thanks all stakeholders, including our clients and financial and government institutions, for their continued support and trust in making Synergy the Partner of Choice in the MENA region.

The annual IJ Global Awards celebrate the best-in-class Greenfield Financing and Refinancing transactions, lauding the organizations involved in the international delivery of infrastructure and energy assets.

Project overview – “Deal of the Year” projects:

Advanced Petrochemicals, Saudi Arabia

“Synergy Consulting, Inc. is the co-Advisor to the “Advanced Petrochemicals, Saudi Arabia ” Project.
One of the biggest Propane Dehydrogenation (PDH) plants in the World, the Project boasts of producing 843,000 tons per annum.

The project cost is approximated to be ~USD 3Bn, of which more than 70% has been financed through debt.

The debt for a completely market-risk project was raised on a project finance structure without completion support from the sponsors.”

Chemanol Refinancing & Expansion, Saudi Arabia

Synergy Consulting, Inc. is the Lead Financial Advisor to the “Chemanol Refinancing & Expansion, Saudi Arabia” Project.

The project included refinancing the Methanol Chemicals Company’s (“Chemanol”)’s existing debt of SAR 455Mn as well as arranging SAR 240mn to fund the revamp of their plant.

Refinancing at revised terms significantly lowered the financing costs of the Company.

The debt arranged for a complete market risk project was raised on a project finance structure with 100% leverage for the revamping phase and a significant balloon payment was agreed upon as part of the repayment profile, which provided flexibility to Chemanol to manage its capital structure at its own discretion.

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐏𝐞𝐭𝐜𝐡𝐞𝐦:
Chetan Kapoor, Krishna Singh, ivneet makkar and Ritesh Agarwal

𝐂𝐡𝐞𝐦𝐚𝐧𝐨𝐥:
Rajat K., ivneet makkar, Ritesh Agarwal, Akshay Manocha and Manjeet Dagar