Saturday 5 September 2015
 
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SEC gets nod for $2.3bn loan, sukuk

Saudi Electricity Company (SEC) has received approval from its executive committee to negotiate for loan financing worth $2.3 billion and to set up a sukuk programme worth as much as $1.5 billion, the Gulf's largest utility said on Monday.

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SEC gets nod for $2.3bn loan, sukuk

Saudi Electricity Company (SEC) has received approval from its executive committee to negotiate for loan financing worth $2.3 billion and to set up a sukuk programme worth as much as $1.5 billion, the Gulf's largest utility said on Monday.

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Saudi private sector eyed for $186bn power spend

Saudi Arabia’s private sector is expected to contribute a large percentage of the SR700-billion ($186.5 billion) investment needed in the next 10 years by the kingdom’s electricity sector, said a top official. The coun

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Saudi private sector eyed for $186bn power spend

Saudi Arabia’s private sector is expected to contribute a large percentage of the SR700-billion ($186.5 billion) investment needed in the next 10 years by the kingdom’s electricity sector, said a top official. The coun

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Saudi Electricity seeks multi-billion-dollar loan

Saudi Electricity Company (SEC), the Gulf's largest utility firm, is in talks with local and international banks to raise a multi-billion-dollar loan, according to two sources aware of the matter. The offering, which one sourc

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Saudi Electricity eyes investment options to diversify

Saudi Electricity Co (SEC), the Gulf's largest utility firm, is looking for investment opportunities to offset financial pressures on its core electricity business, its chief executive said. "Because we are squeezed and a

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SEC-GE joint venture to boost power plant ops

Saudi Electricity Company (SEC) and GE recently signed a Memorandum of Understanding (MoU) to set up a joint venture that will extend operations and maintenance (O&M) support to SEC’s power plants in the kingdom. GE will

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Europe firm wins Saudi order for power data control

Saudi Electricity Company (SEC) has selected a scalable, flexible and agile multiservice platform from European firm Newtec to enable connectivity to remote sub-stations in distribution network in the Kingdom. The platform will de

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Saudi Electricity to pay $149m in bonuses

Saudi Electricity Company will distribute SR545 million ($149 million) among Saudi employees following the new king's order for state-run institutions to pay bonuses, the Gulf's largest utility said on Monday. Last week, S

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Saudi Electricity to pay $149m in bonuses

Saudi Electricity Company will distribute SR545 million ($149 million) among Saudi employees following the new king's order for state-run institutions to pay bonuses, the Gulf's largest utility said on Monday. Last week, S

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