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The energy contractor’s package also includes credit and guarantee facilities.
McDermott announced completion of comprehensive refinancing on September 21, including $500 million in equity financing and $550 million of secured Nordic bonds maturing in 2031.
The package also includes a new long-term letter-of-credit and guarantee facility and revolving credit. McDermott aims to extend maturities and improve financing certainty for project execution. This is financing rather than a new EPC award or energy plant investment.
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Al Rajhi Bank said net profit for the first nine months of 2026 rose 13% year on year to SAR20.87 billion. Operating income also grew 13%, while assets reached SAR1.076 trillion.
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Qatar Gas Transport Company reported QAR1.292 billion in nine-month profit attributable to owners through September 30, down from QAR1.313 billion a year earlier. It also said its 40-vessel newbuild orderbook remained under construction.
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The partnership proposes four additional capabilities alongside existing remittance services.
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