![]() ![]() ![]() ![]() The deal financed the Saudi acquisition by Technical Link Services (TLS) of fibre-optic assets from Salam, previously Integrated Telecom Company. Natixis arranged the first independent FiberCo structured financing in the region, a US$200m partially amortising facility that incentivises a refinancing as soon as the business ramps up. The deal was sold down to Allianz Trade and Riyad Bank. The bank arranged the first data centre deal in the region, a US$68m seven-year non-recourse senior debt bullet facility with a cash sweep mechanism for the inaugural hyperscale data centre at the King Salman Energy Park (SPARK) in Dammam being developed by the Quantum Switch and Tamasuk joint venture. It was also one of the original arrangers backing the Metito/Al Attiya Motors & Trading/Gulf Investment Corporation winning team, along with Apicorp and Siemens Bank. It has been leading the US$730m, 150,000-cubic-metres-per-day Al Wakrah and Al Wukair sewage treatment plant (STP) project in Qatar, which is expected to close very shortly. This year Natixis has been involved in leading a unique range of project deals. Lately it has been more selective and has worked on arranging deals in much smaller clubs while still keeping an eye on the wider market. Indeed, at one stage just before Covid hit it was on many of the deals in the region. French bank Natixis has had a presence in the Gulf region for many years and has upped its profile over the last decade. ![]()
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