Saudi Electricity Company said on Sunday it raised 4.5 billion riyals ($1.2 billion) from the sale of an Islamic bond.
The sukuk was priced at 70 basis points over the 3-month Saudi interbank offered rate (Saibor), the Gulf's
Saudi Electricity Co (SEC) has signed a $366 million loan agreement with the Japan Bank for International Cooperation (JBIC) and two Japanese banks to help finance the construction of a 2,650 megawatt (MW) power plant in Jeddah.
Saudi Electricity Co (SEC), the Gulf's largest utility, has launched an offer of a $2 billion dual-tranche Islamic bond, or sukuk, with pricing due later on Tuesday, a document from lead managers said.
State-controlled Saudi Electricity Co (SEC) will sign a SR10.7 billion ($2.85 billion) power deal with a consortium that includes South Korea's Samsung for construction of the Qurayyah plant, it said on Monday.
Al-Qurayyah, south of th
Saudi Electricity Co has invited banks for a potential bond mandate, reported IFR Markets, a unit of Thomson Reuters, after the company said last year it could tap international debt markets in 2011.
In May, a senior exe
Saudi Electricity posted a better-than-expected 34 percent rise in its net profit during the typically-positive and hot third quarter after an increase in electricity tariffs and a surge in power demand.
The Gulf's largest utility by m
Saudi Electricity Co is offering US firms tenders to build a group of power plants that will boost capacity by an additional 30,000 megawatts, its chief executive said in published remarks on Sunday.
The projects, to be completed within th