# Rakiza Infrastructure Fund acquires 40% stake in Tihama Power

GIB Capital advised on the sale of a 40% stake in Tihama Power Generation Company Ltd. to Rakiza Infrastructure Fund. Tihama Power operates four combined heat and power plants in Saudi Arabia's Eastern Province.

- Type: Acquisition
- Announced: 2024-02-28
- Where: Eastern Province, Saudi Arabia, Saudi Arabia
- Status: completed
- Capacity: 1600 MW electrical power, 6.3 million pounds per hour 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)
- [Tihama Power Generation Company](https://endata.com/companies/75791.md) (target)
- [Rakiza Infrastructure Fund](https://endata.com/companies/75909.md) (acquirer)

## Sources

- [gibcapital.com](https://www.gibcapital.com/newsroom/gib-capital-advises-on-a-landmark-deal-for-selling-40-stake-in-tihama-power-to-rakiza-infrastructure-fund/), 2024-02-28: "GIB Capital acted as a sell-side financial advisor on the sale of 40 per cent stake in Tihama Power Generation Company Ltd. to Rakiza Infrastructure Fund."

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