Privatization of Ras Al-Khair Integrated Desalination and Power Plant The Saline Water Conversion Corporation (“SWCC”) is pleased to invite non-binding expression of interest (“EOI”) for the potential privatization (the “Privatization”) of Ras Al Khair integrated desalination and power plant (“RAK”). RAK has been selected as the first asset for privatization as part of the larger privatization of SWCC’s production assets, which is overseen by the Privatization Supervisory Committee for the water sector of Saudi Arabia. RAK is an operating asset with 1.05m m3/d of water and 2.65 GW of power capacity. A majority sale is envisaged with the proposed contractual structure in-line with market standard IWPP/IWP framework in KSA. The incoming investor will also have the option to take-over O&M of the plant.