Al Batinah Power Company reports progress on refinancing, targets October 2026 completion

Al Batinah Power Company SAOG is making progress on refinancing its existing financing arrangements and targets completion by the end of October 2026. The company expects possible enhanced dividend distributions in 2027. It has appointed Amj as legal adviser and Kpmg as financial consultants for a proposed merger with Al Suwadi Power, and has obtained no-objection from new lenders.