نورهان فؤاد
- Energy Capital Group (ECG) has announced the successful closure of its investment fund, ECG2.0-Fund2, valued at SAR 600 million.
- The fund received significant backing from Jada Fund of Funds as the primary investor, alongside Saudi Fransi Capital and other contributors.
- Energy Capital Group plans to launch a new fund worth SAR 1.125 billion.
Energy Capital Group (ECG), a player in industrial investment and advanced technologies, has announced the successful closure of its investment fund, ECG2.0-Fund2, valued at SAR 600 million (USD 161 million). This milestone marks a pivotal step toward achieving the goals of Saudi Vision 2030 by enhancing local content, fostering technology transfer, and creating sustainable job opportunities.
Fund Objectives:
- Industrial Services: Investments in oil and gas, petrochemicals, energy, water, metals, and mining sectors.
- Global Technologies: Offering advanced solutions and innovative business models to improve operational efficiency.
Investor Support:
The fund has received substantial backing from key investors, including Jada Fund of Funds as a principal investor, alongside Saudi Fransi Capital and other contributors. This support underscores Energy Capital Group’s position as a leader in industrial investment.
Future Expansion Plans:
The company plans to launch a new fund, ECG2.0-Fund2, worth SAR 1.125 billion (USD 300 million) to expand its investments in manufacturing and innovative services. Additionally, Energy Capital Group is preparing to list its industrial services platform on the stock market within the next two years, aiming to provide long-term value to its investors.
Executive Statements:
Engineer Ali Abdulaziz Al-Turki, Founder and CEO of Energy Capital Group, stated:
“We take great pride in this significant achievement, which reflects our commitment to fostering innovation and supporting industrial growth in the Kingdom and the region.”
About the Company:
Founded in 2008, Energy Capital Group boasts extensive expertise in executing local and international investment deals exceeding USD 5 billion in value. The company focuses on building strategic partnerships with local and international service providers, solidifying its role as a leader in driving industrial innovation and development within the Kingdom.
