NAIF definition
Examples of NAIF in a sentence
The CDU will arrange for additional finance to develop the Precinct, including seeking a loan through the Northern Australia Infrastructure Facility (NAIF).
In Australia, Labor and the Liberals sought to subsidise the proposed ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ coal mine through the Northern Australia Infrastructure Fund (NAIF), until mass protests forced the parties to rule out public funding for the coal mine.
In 2021, Arafura received conditional letters of support for debt facilities from Export Finance Australia (EFA) and the Northern Australia Infrastructure Facility (NAIF) for $200m and $100m respectively (refer to ASX Announcements dated 7 May 2021 and 18 June 2021).
INTRODUCTION & OVERVIEW ================================================================================ ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ Capital Management ("NACM"), ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ Securities ("NAS") and ▇▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇ Institutional Funds ("NAIF") (collectively, "NA") have a reputation for integrity and high ethical standards.
Pursuant to the Strategic Cooperation Agreement, NAIF as the primary lead of the project, will be responsible for the overall planning and implementation.
The Strategic Cooperation Agreement outlines the cooperation intentions, and the plan and direction of the strategic cooperation between the Company and NAIF and the terms of which are mostly non-binding.
NAIF is a company incorporated in the Kingdom of Saudi Arabia (“KSA”) with limited liability.
The decision to own the power and camp directly (rather than lease from a contractor) led to an opex saving of ~A$7.5m p.a. over the 42 year mine life (a total saving of A$315m) and was also funded by very cost-effective Govt debt from NAIF, which typically attracts interest of only ~3.5%.
The Board wishes to emphasise that no formal or legally binding agreement in relation to the Strategic Cooperation Agreement has been entered into between the Company and NAIF (and/or its respective affiliates) as at the date of this announcement.
The Directors believe that the Strategic Cooperation Agreement is centered on project-driven collaboration, resource sharing and effective communication, all of which are essential for achieving successful outcomes and fostering innovation with NAIF.