GP Strategies Corp, a provider of global performance improvement solutions, said it has won a multi-year contract from Saudi Electricity Company (SEC) to provide power plant operations training to one of its subsidiaries Saudi Electric Services
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