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09/05/2016 10:38 AST
Authorities in Saudi Arabia are reviewing the plan to split up Saudi Electricity Company (SEC) into four parts, as part of a drive to further privatising infrastructure in the Kingdom. This review could result in the original plan being revised, or a new plan being put into place.
The review has been ongoing since before the cabinet shuffle late last week.
Political pressure for reform of the utility company has been growing since oil prices tumbled in 2014, but restructuring of the SEC have been considered since 2009.
The Vision 2030 plan headed by Deputy Crown Prince Mohammed bin Salman is intended to lead the Kingdom away from oil towards an investment powerhouse.
Reuters
02/03/2018
The Saudi Electricity Company (SEC) said that 68 per cent of its purchases, during the past four years, came from 52 local factories, with a growth rate of 720 per cent compared to 2001.
S
Trade Arabia
02/02/2018
The Saudi Electricity Company (SEC) said it has already suspended the distribution of the paper bills to the subscribers' homes.
Any subscriber can know the value and details of the electr
Trade Arabia
21/01/2018
Saudi Electricity Company (SEC) said it has signed a SR9.75 billion ($2.6 billion) international syndicated bridge facility with eight major global banks to fund its future plans including that of a
Trade Arabia
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
DARALARKAN | 13.47 | 74,648,349 |
Ticker | Price | Change |
---|---|---|
NGIC | 30.16 | 0.06 (0.19 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
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