# Rakiza acquires 40% stake in Tihama Power Generation Company

Oman's state-owned infrastructure investor Rakiza acquired a 40% stake in Tihama Power Generation Company, which operates four combined heat and power plants in Saudi Arabia. The deal value was not disclosed.

- Type: Acquisition
- Announced: 2024-02-22
- Where: Ras Tanura, Ju'aymah, Shedgum and Uthmaniyah, eastern province, Saudi Arabia
- Status: announced
- Capacity: 1,600 MW electrical power and 6.3 million pounds per hour of process steam
- Products: electrical power, process steam
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Engie](https://endata.com/companies/999.md) (partner)
- [Rakiza](https://endata.com/companies/75790.md) (acquirer)
- [Tihama Power Generation Company](https://endata.com/companies/75791.md) (target)

## Sources

- [agbi.com](https://www.agbi.com/energy/2024/02/omans-rakiza-buys-40-of-saudi-power-company/), 2024-02-22: "Oman’s state-owned infrastructure investor Rakiza has secured the financial close of its first transaction in Saudi Arabia by acquiring 40 percent of Tihama Power Generation Company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.