– ECG2.0-Fund2 closed at SAR 600 million ($161 million), surpassing its initial target.
– Fund oversubscription reflects strong investor confidence in ECG’s vision.
– Aligns with Saudi Vision 2030 and aramco IKTVA (In-Kingdom Total Value Add) program.
– Promotes local content development, technology transfer, and sustainable job creation.
– Aims to foster economic diversification and industrial growth in Saudi Arabia and the region.
– Backed by Jada Fund of Funds (anchor investor) and institutional investors like BSF Capital.
– Investment Priorities in industrial Services: Oil and gas, petrochemicals, power and water, metals, and mining sectors.
– Global Technologies: Cutting-edge solutions to enhance operational efficiency and competitive advantages.
– Industrial Services Consolidation Goals: Foster competitive differentiation, integration, and market expansion within Saudi Arabia.
– Explore global opportunities for technological innovation and value creation.
– ECG2.0-Fund2 targets exiting its industrial services platform through an IPO in 2 years.
– Eng. Ali Abdulaziz Alturki, Founder and Managing Partner, emphasized investor trust and ECG’s commitment to driving regional growth in industrial services and advanced technologies.
– Energy Capital Group was founded in 2008 by Ali Abdulaziz Alturki, with Co-GPs from prominent industrial and financial sectors.
– Extensive experience, closing over $5 billion in local and international transactions.
– Strategic advisor: Cayan Holdings, Akram Hamad Alrabayah, Co-GP and Watar Partners, Abdulwahab Al Betairi, Co-GP.
– Strong track record in building partnerships with local and global service providers.
– Investments supported by experienced operating partners and energy sector leaders.
