05 Sep 2017
(MENAFN) UK-based clean energy firm, Berkeley Energia has entered into an investment deal with the sovereign wealth fund of Oman in order to invest more than USD120mn to fund the Salamanca mine into production.
Furthermore, the investment will position the fund as a long-term investor in the firm, as well as a potential off-take partner and is structured as an interest-free loan of USD65mn.
Meanwhile, the three tranches of options convertible at a weighted average price of 85 percent share will contribute an USD55mn towards the later phases of the firm’s development of the Salamanca mine.
In addition, the fund will also have right to appoint a non-executive director to the board and the right to match future uranium off-take transactions.
MENAFN0509201700450000ID1095818932
MENAFN0509201700450000ID1095818932
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more