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Saudi Electric seals $3bn Korea loan deal
RIYADH, December 7, 2015
Saudi Electricity Company said on Monday it had signed an agreement with the Export-Import Bank of Korea for up to $3 billion of loans over the next three years.
The amount could be lent over several loans, the Gulf's largest utility said in a statement, adding further details of the financing will be disclosed in a separate announcement in the future.-Reuters