Riyadh – Mubasher: ACWA Power announced on Sunday that it has secured revolving murabaha-structured loan worth SAR 600 million ($160 million) from Saudi Hollandi Bank (SHB) , raising its revolving credit facilities to SAR 3.48 billion ($929 million).

The Saudi Arabian energy firm said that (SHB) will be the solo financier of the new increase of the revolving credit facility, which is available until the third quarter of 2020, according to a statement.

Kashif Rana, ACWA Power’s chief financial officer, said that the company's current reserve, amounting to SAR 3.484 billion, will help in boosting the balance sheet and providing strong liquidity to the company’s capital structure.