Mohammed Alammar

Total Page:16

File Type:pdf, Size:1020Kb

Mohammed Alammar Mohammed AlAmmar Senior Counsel Corporate, Finance and Investments Riyadh: +966 11 466 9452 [email protected] Mohammed is an independent legal counsel and the founder of the Law Office of Mohammed Al Ammar which has been exclusively working in cooperation with King & Spalding LLP in the Kingdom of Saudi Arabia since 2006. Mohammed works closely with the corporate, projects and fund practice teams of King & Spalding LLP in Dubai and Abu Dhabi on regional projects. Mohammed focuses on cross-border acquisitions, private equity, venture capital, joint ventures, and general corporate and Commercial matters in Saudi Arabia and United Arab Emirates. Mohammed’s transactional work has involved advising some of the high profile private equity and venture capital firms in the Middle East including Nazer Group, Gulf Investment Corporation, Saudi Aramco Entrepreneurship Ventures (Wa'ed), Islamic Development Bank, Baxter Group, Derayah Capital, Dalma Energy, Al Elm Information Security Company, Christian Dior Group, General Dynamics, Global Investment House, Al Rajhi Capital, Audi Capital, Riyadh Capital, Johns Hopkins Aramco Healthcare, NBK Capital, Gulf Capital and Audacia Capital. He is recognized as a notable practitioner for his M&A and Islamic finance work in Saudi Arabia by one of the leading legal directories IFLR1000. Publications, Speeches, and Presentations “Healthcare Regulatory Environment in Saudi Arabia,” Member Briefs, American Health Lawyers Association, (November 2009, Nabil Issa, co-author). “UAE Update, Middle East: Year in Review,” The International Lawyer, Vol. 43, No. 2, Summer 2009 (Nabil Issa, co-author). Matters Represented Nazer Group on its sale of a stake in Bupa Arabia, a public listed insurance company in Saudi Arabia, to Bupa UK. Represented two Saudi Arabian investors on a joint venture to set up region’s first hybrid, delivery-focused, cloud kitchen and store-front operator. Represented Saudi Aramco Entrepreneurship Ventures (Wa'ed) on the structuring and 1 www.kslaw.com 1 acquisition of an early stage start-up business in Saudi Arabia. Represented Nazer Group and Bupa on a healthcare joint venture and other regulatory and commercial matters pertaining to establishing medical clinics in Saudi Arabia. Representation of a Saudi Arabian entertainment group in connection with drafting and negotiating franchise and licensing agreements in Saudi Arabia with international F&B and private members clubs operators and franchisors. Advised Dalma Energy LLC on the merger of its business operations in Oman, Saudi Arabia, the Netherlands with the business operations of KCA Deutag. Advising mega projects operators and sponsors in Saudi Arabia on various regulatory issues pertaining to real estate, corporate and government procurement matters. Represented three employees of a major pharmaceutical company in connection with FCPA investigations by the DOJ and the SEC. The investigations focused on certain payments and transactions involving vendors and charitable organizations with which the company had done business in the Middle East. Represented Riyadh Taqni Fund (Riyadh Capital's venture capital fund) on its acquisition of a minority stake in SURE Technology in Saudi Arabia. SURE is a leading Saudi technology and information security provider. Represented Gulf Investment Corporation on its acquisition of a minority stake in Sudair Pharmaceutical Company in Saudi Arabia. Sudair Pharma is developing Sudair Specialized Pharmaceutical Complex in the Sudair Industrial City for manufacturing of high-end generic drugs for cancer treatment. Represented Gulf Capital on the acquisition of 100% of the share capital of Multibrands LLC from Sadita Holding through a CMA fund. Multibrands is a leading Saudi food & beverage distribution business which distributes brands including Alicafe, Alitea, Dole, Ocean Spray, Saladitos, Sweet’n Low, McCain frozen foods and others. Represented Investcorp on the acquisition of a stake in Bindawood Group, which owns one of the largest chains of grocery stores and related businesses in Saudi Arabia. The transaction was Investcorp’s largest investment in the Middle East to date. Represented NBK Capital on its acquisition of a minority stake in Sanabel Al Salam, a leading Arabic sweets and confectionary producer and retailer in Saudi Arabia. Represented Jadwa Investment on the formation of a SR 500 million CMA authorized food industry fund, and investment by such fund in a beverage manufacturing company in Saudi Arabia (awarded “Deal of the Year” by Private Equity World (MENA) in November 2010). Represented Jadwa Investment on the consortium regarding successful bid and acquisition of a stake in the Saudi Aramco Lubricating Oil Refinery Company (Luberef), in Saudi Arabia (awarded “Most Innovative Islamic Finance Deal of the Year 2008” at the 7th Annual Euromoney’s Islamic Finance Awards 2009) and documentation of a Shari’ah-compliant CMA fund (awarded “Best New Private Equity Fund” by Private Equity World (MENA) November 2008). Represented Saudia Catering Business – advising a consortium in the USD 200 million privatization of the catering business of Saudi Arabian Airlines. 2 www.kslaw.com 2 Represented Cravia Inc. on a wide range of corporate, structuring, and regulatory issues pertaining to corporate and commercial matters of the Saudi Arabian operation. Represented Johns Hopkins Aramco Healthcare on a wide range of corporate, structuring, and regulatory issues in relation to the healthcare laws and regulations in Saudi Arabia. Represented Abraaj Capital on formation of 100% foreign owned company licensed to engage in investments in Saudi Arabia and advice on restructuring various investments in Saudi Arabia. Represented Diaverum on joint venture with the Nazer Group to develop dialysis centers throughout Saudi Arabia, and advice in relation to contract with the Ministry of Health. Represented GCC-based company on development of greenfield hospitals in Saudi Arabia including all related permit and regulatory issues and acquisition of land. Represented Bupa Arabia – advising on healthcare regulatory and commercial matters. Represented Al Noor Hospitals Group plc – counsel on the acquisition of various medical clinics in Dubai, Al Ain and Abu Dhabi. Represented Al Rajhi Holding – advising on corporate restructuring of group companies in Saudi Arabia. Represented Al Rajhi Capital and Arcapita Bank advising on the formation of a Saudi Arabian property income fund, and acquisition and sale-lease back of properties (including warehouses) in Saudi Arabia for the fund. Represented Sadara Chemical – advising on a wide range of matters and project agreements in Saudi Arabia. Represented Al Rajhi Capital – advising in connection with a proposed private placement of shares of a Saudi Arabian real estate company. Represented Malaz Capital – advising the formation of CMA real estate funds to acquire, own and operate a residential compound in Riyadh and another compound in the Eastern Province. Credentials EDUCATION LL.M., University of Strathclyde, UK LL.B., University of Jordan ASSOCIATIONS Saudi Arabia LANGUAGES Arabic Insights CLIENT ALERT February 9, 2021 Secured Creditors Under the Saudi Bankruptcy Law Judicial Guidance on the Impact of COVID-19 on KSA Construction Projects 3 www.kslaw.com 3 COVID-19 Update: Electronic Signatures in the Middle East VIEW ALL ON KSLAW.COM News CASES & DEALS March 8, 2021 King & Spalding advises Samsung C&T Corporation on a sale of a minority interest in a 3,927 mega-watt power plant in the KSA IN THE NEWS March 18, 2021 • Source: Global Legal Chronicle Nabil Issa, Mohammed AlAmmar, Simon Rahimzada, Hamzeh Marwan Al Rasheed and Adnan Doha advise Samsung C&T Corporation on its sale of a minority interest in QIC to Qurayyah Project Company RECOGNITION December 28, 2020 King & Spalding Transaction Named Project Finance International’s Middle East & Africa Deal of the Year VIEW ALL ON KSLAW.COM 4 www.kslaw.com 4.
Recommended publications
  • Saudi Arabia Infrastructure “Projects Galore”
    Disclaimer & Disclosure By accepting this publication you agree to be bound by the foregoing terms and conditions. You acknowledge that KFH Research Limited (“KFHR”) is part of the worldwide Kuwait Finance House Group of subsidiaries and affiliates (KFH Group), each of which is a separate legal entity. KFHR alone is responsible for this publication and for the performance of related services and/or other obligations. The recipient agrees not to make any claim or bring proceedings as regards to this publication or related services and obligations as against any other entity within the KFH Group, or any of their subcontractors, members, shareholders, directors, officers, partners, principals or employees. KFHR has prepared this publication for general information purposes only and this does not constitute a prospectus, offering document or circular or offer, invitation or solicitation to purchase, subscribe for or sell any security, financial product or other investment instrument (“Investments”), or to engage in, lead into, conclude or refrain from engaging in any transaction. In preparing this publication, KFHR did not take into account the investment objectives, financial situation and particular needs of the recipient. Before making an investment decision on the basis of this publication, the recipient needs to make its own independent decision, preferably, with the assistance of a financial and/or legal adviser, in evaluating the Investment in light of its particular investment needs, objectives and financial circumstances. Any Investments discussed may not be suitable for all investors; there are risks involved in trading in or dealing with Investments and it is highlighted that the value, yields, price or income from Investments may go up or down.
    [Show full text]
  • Saudi Arabia Land of Opportunities
    SAUDI ARABIA LAND OF OPPORTUNITIES INDUSTRIAL INVESTORS GUIDE My first objective is for our country to be a pioneering and successful global model of excellence, on all fronts, and I will work with you to achieve that The Custodian of The Two Holy Mosques King Salman bin Abdulaziz Al Saud Contents Saudi Vision 2030 8 16 Why Saudi Arabia? 40 Industrial Clusters (IC) Saudi Vision 2030 8 Saudi Arabia Vision 2030 Our Vision for Saudi Arabia is to be the heart of the Arab and Islamic worlds, the investment powerhouse, and the hub beneath our lands. But our real wealth lies in the ambition of our people and the connecting three continents potential of our younger generation. They are our nation’s pride and the architects It is my pleasure to present Saudi Arabia’s of our future. We will never forget how, Vision for the future. It is an ambitious yet under tougher circumstances than today, achievable blueprint, which expresses our nation was forged by collective our long-term goals and expectations determination when the late King Abdulaziz and reflects our country’s strengths and Al-Saud – may Allah bless his soul – united capabilities. All success stories start with the Kingdom. Our people will amaze the a vision, and successful visions are based world again. on strong pillars. The first pillar of our vision is our status as the heart of the Arab and We are confident about the Kingdom’s Islamic worlds. We recognize that Allah the future. With all the blessings Allah has Almighty has bestowed on our lands a gift bestowed on our nation, we cannot help but more precious than oil.
    [Show full text]
  • Saudi Arabia Under King Faisal
    SAUDI ARABIA UNDER KING FAISAL ABSTRACT || T^EsIs SubiviiTTEd FOR TIIE DEqREE of ' * ISLAMIC STUDIES ' ^ O^ilal Ahmad OZuttp UNDER THE SUPERVISION OF DR. ABDUL ALI READER DEPARTMENT OF ISLAMIC STUDIES ALIGARH MUSLIM UNIVERSITY ALIGARH (INDIA) 1997 /•, •^iX ,:Q. ABSTRACT It is a well-known fact of history that ever since the assassination of capital Uthman in 656 A.D. the Political importance of Central Arabia, the cradle of Islam , including its two holiest cities Mecca and Medina, paled into in insignificance. The fourth Rashidi Calif 'Ali bin Abi Talib had already left Medina and made Kufa in Iraq his new capital not only because it was the main base of his power, but also because the weight of the far-flung expanding Islamic Empire had shifted its centre of gravity to the north. From that time onwards even Mecca and Medina came into the news only once annually on the occasion of the Haj. It was for similar reasons that the 'Umayyads 661-750 A.D. ruled form Damascus in Syria, while the Abbasids (750- 1258 A.D ) made Baghdad in Iraq their capital. However , after a long gap of inertia, Central Arabia again came into the limelight of the Muslim world with the rise of the Wahhabi movement launched jointly by the religious reformer Muhammad ibn Abd al Wahhab and his ally Muhammad bin saud, a chieftain of the town of Dar'iyah situated between *Uyayana and Riyadh in the fertile Wadi Hanifa. There can be no denying the fact that the early rulers of the Saudi family succeeded in bringing about political stability in strife-torn Central Arabia by fusing together the numerous war-like Bedouin tribes and the settled communities into a political entity under the banner of standard, Unitarian Islam as revived and preached by Muhammad ibn Abd al-Wahhab.
    [Show full text]
  • Nursing Sciences Program Accreditation Self
    Accreditation Agency in Health and Social Sciences Majmaah University College of Applied Medical Sciences (CAMS) Department of Nursing Sciences NURSING SCIENCES PROGRAM ACCREDITATION SELF-EVALUATION REPORT (SER) 1 © AHPGS 2014 SELF-EVALUATION REPORT Applying university Majmaah University (MU) Title of study program Nursing Sciences Date of initial accreditation, if No previous accreditation of the program applicable Contact Dr. Mahmoud M. Musleh Head, Department of Nursing Sciences, College of Applied Medical Sciences, Majmaah University, Address PO Box 66, AlMajmaah-11952, Kingdom of Saudi Arabia Phone +966 164042824, +966 535169464 E-mail [email protected] 1. STUDY PROGRAM CONCEPT The College of Applied Medical Sciences (CAMS) at Majmaah University (MU) was established in 2009 to meet the need for qualified health care professionals in healthcare sectors in the Kingdom of Saudia Arabia. It aims at preparing qualified, skilled, and competent graduates to match the highly developed and sophisticated healthcare systems in the Kingdom, and to employ recent scientific and technical developments in the delivery of healthcare services. Since its establishment, it has been playing a significant role in providing both the private and the public health sectors with highly competent professional graduates who are equipped with the most recent knowledge and skills in their speciality role. The College of Applied Medical Sciences encompasses five academic departments including the Department of Nursing Sciences (Male and Female Sections) which offers a Bachelor Degree in Nursing Sciences. In 2013, the Department of Nursing has carried out a revision and assessment to its current study plan and, subsequently, some modifications. The previous study plan was approved on April 2010 as a starting point for the nursing program at the newly established department within CAMS.
    [Show full text]
  • Publication.Pdf
    In The Name Of Allah, The Most Merciful, The Most Compassionate Arriyadh holds a strategic and pivotal role as the capital of the Kingdom of Saudi Arabia which is the birthplace of the Message of Prophet Mohammed (Peace be upon Him) and the location of the Two Holy Mosques. The dynamic capital hosts diplomatic, Islamic, political, economic, financial, trade, scientific, technological and educational institutions and is a fast developing national, regional and international center. Arriyadh is also a hub of administration with national cultural and heritage bodies and activities. the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz (may God bless him) has over many decades actively supported Arriyadh and its remarkable development. Today, with his Crown Prince, Deputy Prime Minister, Minister of Interior; and the Deputy Crown Prince and Defence Minister; King Salman is ably guiding the development of the Kingdom, its capital and provinces and ensuring the welfare, security and prosperity of the nation’s population. Evidence of this is seen in the range of visionary development and infrastructure projects, which are helping to transform the Kingdom and the wider region. The development process in Arriyadh does not focus on specific areas or sectors. Rather it embraces a wide and comprehensive range of projects and needs. These include ambitious programs in transportation. The King Abdulaziz Public Transport Project in Arriyadh City is the largest of its kind and will provide a network of metro and bus services in the capital. The King Khaled International Airport Development Project will considerably expand passenger and airfreight capacity; and national and regional projects to develop railroad and road networks will soon offer remarkable improvements in transportation within the Kingdom and GCC.
    [Show full text]
  • Saudi Arabia – Industrial Sector Overview August 2016
    Saudi Arabia – Industrial Sector Overview August 2016 WWW.JEG.ORG.SA Saudi Arabia – Industrial Sector Overview Report, 2016 TABLE OF CONTENTS Executive Summary 06 1. Introduction 07 2. Saudi Arabia – Industry Overview 08 2.1 Industry 2020: The National Industrial Strategy 08 2.2 National Transformation Program 2020 09 3. Construction & Cement 10 3.1 Construction 10 3.1.1 Infrastructure Construction 12 3.1.2 Office Construction 12 3.1.3 Building Sector Construction 13 3.1.4 Oil & Gas Sector Construction 14 3.1.5 Power & Water Sector Construction 14 3.1.6 Industrial Construction 15 3.1.7 Retail Construction 15 3.1.8 Hospitality Construction Market 16 3.2 Top Construction Players in the Saudi Arabian Market 17 3.3 Construction Industry Drivers and Constraints 18 3.4 Regulatory Reforms in Construction Sector in Saudi Arabia 18 3.4.1 Green Building Regulations 18 3.4.2 Restrictions on Working Hours 19 3.5 SWOT Analysis 19 3.6 Cement 19 3.6.1 Major Market Players 21 3.6.2 Cement Sector – Issues 21 3.6.3 SWOT Analysis 22 4. Petrochemicals & Refineries 23 4.1 Petrochemicals 23 4.1.1 Major Market Players 24 4.1.2 SWOT Analysis 26 4.2 Refining 26 4.2.1 SWOT Analysis 27 5. Mining & Metals 28 5.1 Major Market Players 29 5.2 SWOT Analysis 29 6. Regulations and Ease of Doing Business 30 Saudi Arabia – Industrial Sector Overview Report, 2016 2 7. Industry – Outlook 31 7.1 Non-oil Sector Growth Contracts 31 7.2 Implications of Global Oil Market for Saudi Arabia 31 7.3 USD 4 Trillion Investment Needed to Sustain Job Demand in Non-oil Economy 31 7.4 Privatization and an Open Stock Exchange 31 8.
    [Show full text]
  • Bawan Company Prospectus.Pdf
    A Saudi joint stock company PROSPECTUS BAWAN COMPANY Oer Period 24/01/1435H A Saudi joint stock company in accordance with Ministerial Resolution Number (corresponding to 27/11/2013G) 420/Q dated 24/12/1432H (corresponding to 20/11/2011HG) with commercial registration number 1010033032 dated 09/10/1400H to 30/01/1435H (corresponding to 20/08/1980G) (corresponding to 03/12/2013G) Oer Period: 24/01/1435H (corresponding to 27/11/2013G) to 30/01/1435H (corresponding to 03/12/2013G) Sale of 15,000,000 ordinary Shares representing 30% of the capital of Bawan Company through an Initial Public Oering at an Oer Price of SAR 36 per Share (with a fully paid nominal value of SAR 10 each) Bawan Company (hereinafter referred to as “Bawan” or “Company”) was established as a limited liability company in Riyadh in accordance with commercial registration number 1010033032 dated 09/10/1400H (corresponding to 20/08/1980G) and under the name of Al-Muhaidib and Niedermeier & Weibel Company Ltd. On 22/04/1429H (corresponding to 28/04/2008G) the name was changed to Bawan and the Company was converted into a Saudi joint-stock company in accordance with Ministerial Resolution Number 420/Q dated 24/12/1432H (corresponding to 20/11/2011G). The current share capital of the Company is SAR 500,000,000 ("Share Capital") consisting of 50,000,000 ordinary shares, with a fully paid nominal value of SAR 10 each (the “Share”). The Initial Public Offering (the "Offer") of 15,000,000 ordinary shares (the “Offer Shares”, each an “Offer Share”) with a fully paid nominal value of SAR 10 and at a price of SAR 36 per share and representing 30% of the Share Capital of Bawan, is restricted to the two following groups of investors: - Tranche (A): Institutional investors, comprising a number of institutions, including mutual funds (referred to collectively as “Institutional Investors”) (Please see the Section "Definitions and Abbreviations").
    [Show full text]
  • The Kingdom of Saudi Arabia, Etc. : Feasibility Study for Diffusion of the Water Reclamation System)
    FY2018 Feasibility Study Report for Overseas Deployment of High Quality Infrastructure System (the Kingdom of Saudi Arabia, etc. : Feasibility Study for Diffusion of the Water Reclamation System) March 2019 Ministry of Economy, Trade and Industry Contractor : Kobelco Eco-Solutions Co., Ltd. Chiyoda Corporation Sankyu Inc. Introduction The Saudi government has set out “Saudi Vision 2030,” a growth strategy to achieve comprehensive development independently of oil dependency. Our country, the Ministry of Economy, Trade and Industry, formulated and announced in 2017 “Japan-Saudi Vision 2030” with the basic directionality of bilateral cooperation and the concrete project list. Under the vision, high-quality water infrastructure is a key area for cooperation between the two countries, and a memorandum of cooperation on seawater desalination and RO reclaimed water has been signed between the Ministry of Economy, Trade and Industry and the Ministry of Environment, Water, and Agriculture of Saudi Arabia. In the memorandum, the promotion of the demonstration project of reclaimed water system in Dammam I of Saudi Industrial Property Authority (MODON) and the diffusion of the technology are mentioned. Based on the results of implementation of the demonstration project in Dammam I, the feasibility of application of reclaimed water system (which produces the RO reclaimed water by way of biological and membrane treatment) to the countries such as Saudi Arabia shall be studied in this project from the viewpoints of market, technology and policy in accordance with the memorandum of understanding entered into between MODON and the consortium (Chiyoda Corporation and Kobelco Eco-Solutions Co., Ltd.). In this project, after conducting the market survey research on the business environment and potential customers in Saudi Arabia, etc, we examined the technical application of the reclaimed water system.
    [Show full text]
  • Vision 2030 and the Birth of Saudi Solar Energy
    MEI Policy Focus 2016-15 Vision 2030 and the Birth of Saudi Solar Energy Makio Yamada Middle East Institute Policy Focus Series July 2016 A solar sector is emerging as part of Saudi Arabia’s economic diversification plans under the Vision 2030. Makio Yamada offers an analysis of policy and institutions governing the country’s expansion into “yellow oil.” Rising domestic oil consumption, young citizens’ entry into the job market, and reduced solar panel production costs have driven the launch of the solar industry in the kingdom. Growth of the industry had previously been hindered by institutional ambiguity and fragmentation, but the government restructuring in May has paved the way to its eventual rise by unifying necessary administrative functions under the newly-created super-ministry. Key Points ♦ The new Saudi leadership, led by King Salman and his son Deputy Crown Prince Mohammed, will exercise control over the country’s next giant, non-oil industry, which Saudis call “yellow oil,” or solar energy ♦ The initial driver behind the Saudi government’s interest in the use of solar power was its intention to preserve the kingdom’s capacity to export oil in light of rising domestic consumption; the Vision 2030 also underscores the industrial aspect of solar energy ♦ Following the succession in January 2015, the new leadership found the country’s institutional framework for the solar sector problematic; the government restructuring in May 2016 unified the necessary administrative functions for the sector ♦ Insufficient human capital may be an impediment to the growth of the industry; the National Transformation Program 2020 has set ambitious goals to boost the country’s technical education, but its feasibility remains to be seen Makio Yamada Makio Yamada Introduction investigates economic diversification in Saudi he announcement of Vision 2030, the Arabia and G.C.C.
    [Show full text]
  • NOMINATION of Ministry of Water & Electricity Kingdom of Saudi Arabia
    NOMINATION OF Ministry of Water & Electricity Kingdom of Saudi Arabia Supporting Documents For King Hassan II Great World Water Prize 2012 Table of Contents PART 1: BACKGROUND INFORMATION ....................................................... 4 1.1 Location and Geography .................................................................................................................... 4 1.2 Climate ................................................................................................................................................. 5 1.3 Population ............................................................................................................................................ 6 1.4 Urbanization ........................................................................................................................................ 7 PART 2: WATER RESOURCES IN THE KINGDOM ........................................ 9 2.1 Surface water ....................................................................................................................................... 9 2.2 Groundwater ......................................................................................................................................10 2.2.1 Shallow Alluvial Aquifers ..........................................................................................................11 2.2.2 Fossil Groundwater Aquifers .....................................................................................................11 2.3 Treated Wastewater ...........................................................................................................................14
    [Show full text]
  • Saudi Arabia National Renewable Energy Program
    Saudi Arabia National Renewable 1 Energy Program Saudi Arabia significantly increased its renewable energy targets and long term visibility Planned Capacity (GW) 5-Year Target 12-Year Target 58.7 Increased 2.7 CSP 5-Year Target 16.0 Wind Extended visibility 2 to 2030 27.3 7.0 Optimized 40.0 Solar PV the energy mix 9.5 20.0 2.4 Manufacturing 5.9 capacity of 200GW by Initial Revised 2030 Target 2030 12 pre-developed projects will be tendered in 2019 with a total capacity of ~3.1 GW Qurrayat Alfaisalia Saad Wadi Adwawser Yanbu TOTAL 200 600 600 70 850 Madinah Rabigh Alras Qurrayat 50 300 300 40 3 2,225 Rafha Jeddah 45 300 Mahad Dahab 850 20 Projects will be deployed in 35+ parks spread across the Kingdom Waad Al Shammal Qurayyat Tabarjal Rafha 35+ parks Sakaka North Tabuk Al Kahafah to be developed by 2030 Tabuk Midyan Qaisumah Al Masa'a Sourah Al Ghat Unaizah Sudair Spread across Al-Ula Ar Rass Shaqra Malham 4 Henakiyah Dhurma Ghilanah the Kingdom to promote Yanbu Khushaybi Tuwaiq Riyadh Al Haeer South Yanbu Madinah AlQuwaiiyah regional development Mastoorah Mahd Aldhab Duwadimi Rabigh Dhahban Starah Al-Kharj South Jeddah Al Faisaliah Haden Layla Al Laith Gradual deployment Bisha Wadi Ad Dawasir to mitigate technology risk Jazan Solar PV Farasan Sharorah Wind CSP What is Pre-Development? Site Selection Pre-development activities provide certainty and deliver lower project costs Energy Yield Grid Impact Assessment Studies Preliminary Pree-- Secure Design Input to tender DDeveellooppmmenetn Land 5 t AAccttivivitiiteises Reduced risk Successful IPP Hydrological Measure Assessment Resource Lower LCoE Geotech.
    [Show full text]
  • Daily Report
    11 April 2021 Daily Report Major Economic News Saudi Stock Exchange • The PIF launched the Sudair Solar PV plant in Sudair Industrial City, Daily Index Closing High Low YTD % with a PIF-backed consortium signing a power purchase agreement with Change% the Saudi Power Procurement Company for 25 years, which represents TASI 10,012 10,039 9,977 0.0 15.2 an important step within the renewable energy program that is being NomuC 23,421 23,857 23,348 0.1 (10.8) implemented under the umbrella of the National Renewable Energy TASI movement during session TASI Ratios Program. The project’s initial commissioning is expected during H2-22, and 10,040 4.0 is set to become one of the largest single-contracted Solar PV plants in the P/E (x) 38.6 3.0 world. (Source: Argaam) 10,020 Price-to-Book (x) 2.2 2.0 • Saudi Arabia will start exporting electricity to neighboring countries after 10,000 Millons Dividend Yield (%) 2.4 1.0 completing the connectivity of power grids, stated Prince Abdul Aziz bin 9,980 0.0 Return on Equity (%) 6.0 Salman, Minister of Energy. He added that following the announcement 10:00 AM 11:00 AM 12:00 PM 1:00 PM 2:00 PM 3:00 PM *Source: Bloomberg Volume Mn (RHS) TASI (LHS) of launching SakakaIPP PV solar project, projects are ongoing in the Daily Kingdom to connect power grids with Jordan, Egypt, Iraq and the GCC. Index Close YTD % PE (TTM) Change% (Source: Argaam) Energy 5,549 0.3 3.0 33.9 Major Corporate News Materials 6,757 0.1 17.6 High • Saudi Aramco signed a deal with a consortium led by EIG Global Energy Capital Goods 7,564 (0.2) 15.7 Neg Partners (EIG) to optimize its assets through a lease-and-lease-back Commercial Service 4,128 (0.3) 1.7 High agreement involving its stabilized crude oil pipeline network.
    [Show full text]