Saudi Electricity Company

SEC to borrow up to $1bn for power plant
Saudi Electricity Co will secure a loan of up to $1 billion to partly finance building a power plant, the utility said on the stock exchange on Tuesday.
Saudi Electricity orders six GE gas turbines
Saudi Electricity Company (SEC) has placed an order for six more gas turbine packages from GE for its existing power plants in Jizan and Tabouk
SEC signs $1.4bn loan with seven banks
The facility has a lifespan of three years and was provided by seven international banks to provide back up credit facility to SEC
Saudi Electricity inks $667mn Islamic finance deal
The riyal tranche would have a three year tenor and was signed with local lenders National Commercial Bank and Samba Financial Group
SEC loses over $500mn in the first quarter
Saudi utility sees deficit more than double in the three months to 31 March.
SEC almost triples fourth quarter deficit
Saudi Electricity Company loses almost $500mn in the three months to 31 December.

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