‎Saudi Energy acquires stake in Kraken Tech, forms joint venture in Riyadh

‎Saudi Energy acquires stake in Kraken Tech, forms joint venture in Riyadh ‎Saudi Energy acquires stake in Kraken Tech, forms joint venture in Riyadh

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Logo ofSaudi Energy Co.

Saudi Energy Co. signed a definitive agreement to establish a strategic partnership with Kraken Technologies Ltd., a global company specializing in AI-powered digital operations solutions for the utilities sector.

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The deal includes the creation of a joint venture based in Riyadh, as well as Saudi Energy’s acquisition of a minority stake in Kraken Technologies.

 

Logo ofSaudi Energy Co.

Saudi Energy Co. signed a definitive agreement to establish a strategic partnership with Kraken Technologies Ltd., a global company specializing in AI-powered digital operations solutions for the utilities sector.

The deal includes the creation of a joint venture based in Riyadh, as well as Saudi Energy’s acquisition of a minority stake in Kraken Technologies.

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