Saudi Electricity Co. (SEC) Islamic bonds returned 67 percent more than Gulf corporate sukuk, buoyed by a scarcity of Shariah-compliant securities in Saudi Arabia and demand for investment-grade debt. Islamic bond sales in Saudi Arabia rose to a record
Abu Dhabi National Energy Company, the state-run firm known as Taqa, said second-quarter revenue dropped 15 per cent as fuel sales and commodity prices fell. Revenue slid to Dh6.04 billion ($1.6 billion) from Dh7.07 billion, the company said on Tuesday.
Saudi Electricity Co. (SEC) is spending hundreds of millions of riyals to improve its power distribution network. A statement from SEC said yesterday that it had awarded three contracts worth around SR 700 million in total involving the construction of