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- China's Economy Grows 5% in 2025, Buoyed by Strong Exports Despite Trump's Tariffs
- Bank Muscat net profit rises 13% to RO255mn in 2025
- Asyad Shipping signs RO150mn deal for 3 new VLCCs
- SMC Healthcare opens new outpatient clinic in north Riyadh
- Dukhan Bank announces final winner of Thara'a savings account QR1m grand prize
- Agility in deal to boost energy efficiency, data centre activity in UAE
- Saudi Electricity issues $2.4bn sukuk; eyes London listing
- Acwa Power buys entire Engie stake in Kuwait's Az Zour utility project
- The Pearl leads Qatar's real estate market recording over QR2.08bn in transaction value
- Commercial Bank reports QR2.2bn net profit in 2025; recommends 30% cash dividend
28/10/2025 04:24 AST
Saudi Electricity Company (SEC) has signed power purchase agreements worth SAR12.8 billion ($3.4 billion) for two large scale CCGT (Combined Cycle Gas Turbine) power plants located in Riyadh city with a combined production capacity of 3,356 MW.
Wholly-owned by SEC, these power plants are PP13 with production capacity of 1,678 MW and PP14 with production capacity of 1,678 MW.
The agreement, which includes ownership and operation of these CCGT power plants for a 21-year period, was inked with Saudi Power Procurement Company - Principal Buyer, said SEC in a statement.
The financial impact is expected over the lifetime of both agreements starting from 2025, it added.
Trade Arabia
14/12/2025
Saudi Electricity Company (SEC) has signed a landmark financing agreement with the Italian Export Credit Agency (SACE), with a total value of up to $1 billion, aimed at supporting the development and
Trade Arabia
08/12/2025
Saudi Electricity Company (SEC) has announced that it has signed a tri-party agreement with French bank Bpifrance and GE Vernova, a purpose-built energy technology company, to facilitate financing fo
Trade Arabia
11/08/2025
Saudi Electricity Company (SEC) continued to deliver robust financial and operational performance in the second quarter and first half of 2025, said an SEC press release issued on Sunday.
Re
Asharq Al Awsat
| Ticker | Price | Volume |
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19/01/2026
Bank Muscat, the largest financial institution in Oman, posted a net profit of RO255.54mn for the year ended December 31, 2025, up from RO225.58mn in 2024, marking an increase of 13.3%.
Acco
Muscat Daily
19/01/2026
Oman's Asyad Shipping Company announced that it has signed shipbuilding contracts with South Korean shipbuilder Hanwha Ocean for the construction of three Very Large Crude Carriers (VLCCs).
Muscat Daily
19/01/2026
Specialized Medical Company (SMC Healthcare), one of Saudi Arabia's leading private healthcare providers, today announced the official opening of its new outpatient clinic center, SMC Clinics, on Pri
Trade Arabia
19/01/2026
In the final draw for the Thara'a Savings Account for 2025, Dukhan Bank is pleased to announce Sharifa Mohamed Al-Romaihias the winner of the QR1m Thara'a grand prize.
The winner was selecte
The Peninsula
19/01/2026
Saudi Electricity Company (SEC) has announced that it has successfully completed the issuance of a $2.4 billion US dollar-denominated senior unsecured sukuk, split across three tranches with maturiti
Trade Arabia
Financial Information Co.
Saudi Arabia