<div id="readability-page-1"><div>Riyadh, Saudi Arabia — SNB Capital is pleased to announce the successful financial close of a USD 456 million Export Credit Agency (ECA) financing, with Swiss Export Risk Insurance (SERV) providing cover.SNB Capital acted as Sole Financial Advisor and Global Coordinator on the transaction, structuring and delivering a complex ECA-backed financing solution that establishes a new source of long-term foreign currency funding.The financing was supported by a group of leading international financial institutions, comprising Santander CIB, Standard Chartered Bank, and UBS. The financing includes ECA support in connection with the export of equipment and services provided by GE Vernova. Proceeds from the financing support a large-scale power generation project in the Kingdom, aligned with Saudi Arabia’s energy transition strategy.The transaction represents a number of important milestones for the broader Saudi financing landscape, including the first on-lending structure at this scale across the region, demonstrating the scalability and effectiveness of this financing model.This milestone underscores the continued evolution of the Saudi financing landscape – broadening access to global liquidity pools and reinforcing the Kingdom’s position as a key destination for structured and ECA-supported financing solutions.Commenting on the transaction, Maher Roz, Head of Corporate Finance at SNB Capital, said:“This transaction represents a significant milestone, establishing access to on-Lending ECA-backed financing as a new and strategic funding channel. It also highlights the growing role of structured financing solutions in enabling long-term, competitive funding for large-scale infrastructure and energy transition projects in the Kingdom.”The successful execution of this transaction further demonstrates SNB Capital’s ability to originate and deliver complex structured financing solutions, strengthening its position as a trusted financial advisor on landmark transactions across the region.About SNB CapitalSNB Capital Company, a licensed entity by Capital Market Authority (CMA), is a leading regional financial institution with deep industry expertise across five business lines: Asset Management, Wealth Management, Securities, Investment Banking, and Principal Investments. SNB Capital is the leading broker in Saudi Arabia, and the largest asset manager in the Kingdom, with assets under management reaching SAR 246bn (USD 65bn) as of June 2025.For more information visit: http://www.snbcapital.com/For media and general inquiries, contact: media-relations@alahlicapital.comSend us your press releases to pressrelease.zawya@lseg.comDisclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.</div></div>

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SNB Capital has successfully closed a USD 456 million Export Credit Agency (ECA) financing, with support from Swiss Export Risk Insurance (SERV). Acting as Sole Financial Advisor and Global Coordinator, SNB Capital structured this complex financing solution for a large-scale power generation project in Saudi Arabia, aligning with the country's energy transition strategy. The financing involved major international financial institutions and marks a significant milestone in the Saudi financing landscape, establishing a new source of long-term foreign currency funding.

Zawya

PPKSA G SUKUK-U

PPKSA G SUKUK

Banco Santander, S.A.

Banco Santander SA-Spon

Banco Santander-Chile

Standard Chartered PLC

STANCHART

UBS Group AG

GE Vernova

ZAWYA: SNB Capital announces successful financial close of $456mln landmark ECA financing