News

Saudi SWF to buy stake in energy company

Solar_panelsSaudi Arabia’s sovereign wealth fund is reportedly in talks to acquire a 10% stake in Saudi energy firm Acwa Power International, according to a report in Bloomberg. The Public Investment Fund’s investment comes at a time when the energy firm is planning to raise more than $1 billion through an initial public offering. Acwa has also been boosted by the news that it has won the tender for Saudi Arabia’s first utility scale solar energy project, a 300 Megawatt plant at Sakaka in the northern area of Al Jouf which is expected to cost more than $300 million. Saudi Arabia is planning to tender around 4GW of renewable projects as it looks for alternative sources to meet the demand for more electricity and to free up more crude oil for export. ©2018 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.