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21/01/2018 12:10 AST
Saudi Electricity Company (SEC) said it has signed a SR9.75 billion ($2.6 billion) international syndicated bridge facility with eight major global banks to fund its future plans including that of a capital expenditure.
The facility is co-financed by eight major international banks including Citibank, Bank of Tokyo-Mitsubishi, First Abu Dhabi Bank, HSBC, Mizuho Bank, Natixis, Sumitomo Mitsui Banking Corporation and Standard Chartered Bank, said the company in a statament to the Saudi bourse Tadawul.
The facility is unsecured and will be used to finance SEC's diverse general corporate purposes including capital expenditure, it added.
Trade Arabia
02/03/2018
The Saudi Electricity Company (SEC) said that 68 per cent of its purchases, during the past four years, came from 52 local factories, with a growth rate of 720 per cent compared to 2001.
S
Trade Arabia
02/02/2018
The Saudi Electricity Company (SEC) said it has already suspended the distribution of the paper bills to the subscribers' homes.
Any subscriber can know the value and details of the electr
Trade Arabia
21/01/2018
The Saudi Electricity Company (SEC) has set the 28th of each month for issuing electronic bills to subscribers, the Saudi Press Agency said. It is in implementation of the royal decree to issue elect
Arab News
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
Financial Information Co.
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