Daewoo Express, Saudi Pak Consortium to finance Rs. 2,000 million, for EV and Euro III intercity Buses

Daewoo Express, Saudi Pak Consortium to finance Rs. 2,000 million, for EV and Euro III intercity Buses

By FN Pakistan Staff 2024-12-22 0

ISLAMABAD, Dec 22: Daewoo Pakistan Express Bus Service Limited (Daewoo Express) has signed a landmark agreement with a consortium of Development Financial Institutions (DFIs), led by Saudi-Pak Industrial and Agricultural Investment Company Limited, to secure a 5-year lease financing facility worth Rs 2,000 million. The funding will facilitate the procurement of Electric Vehicles (EV) and […]

InfraZamin Pakistan and Saudi Pak Co Sign PKR 1.28 Billion Renewable Energy Deal with Acumen Energy for 11.5 Years

InfraZamin Pakistan and Saudi Pak Co Sign PKR 1.28 Billion Renewable Energy Deal with Acumen Energy for 11.5 Years

By FN Pakistan Staff 2024-12-13 0

InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR 1.28 billion. The Facility will be backed by a PKR 1.04bn credit guarantee to Saudi Pak and will mark InfraZamin’s first foray into renewable energy. […]