Bank ABC signs agreement to finance Majid Al Futtaim’s solar power projects

Bahrain’s Arab Banking Corporation (Bank ABC) signed a financing agreement with Yellow Door Energy to finance Majid Al Futtiam’s solar power projects in three countries, according to a statement published on December 12.

The facility will refinance 25 solar PV assets, totaling over 42 megawatts, located on Majid Al Futtaim shopping malls across the UAE, Bahrain, and Oman. This aligned with Al Futtaim’s energy transition plans in the region.

The signing ceremony took place at the Bank ABC branch at the Dubai International Financial Centre (DIFC), in the presence of Ammar Khalil, Senior Executive Officer of Bank ABC in DIFC, and Jeremy Crane, CEO of Yellow Door Energy.

Khalil said during the signing ceremony that the “transaction underscores Bank ABC Group’s commitment to empower clients to lead the transition towards a more sustainable, low-carbon economy.”