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- Emirates Islamic to introduce region's first Amazon Credit Card
- Alba receives RoSPA President's Award
- Gold price in the Qatari market increases by 2.78% this week
- NIC signs strategic agreement to develop and implement AI-powered ERP system
- QSE index rises marginally at beginning of Thursday's trading
- Abu Dhabi's IHC to invest $1 billion in India's Sammaan Capital
- Robotic surgery 12,000km away - Kuwait hospital wins Guinness record
- Qatar ports record double-digit growth in ships arrival in January-September
- Asian stocks rise, technology firms rally in Japan: Markets wrap
- QCB issues treasury bills worth QR400 million
21/01/2018 12:10 AST
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 capital expenditure.
The facility is co-financed by eight major international banks including Citibank, Bank of Tokyo-Mitsubishi, First Abu Dhabi Bank, HSBC, Mizuho Bank, Natixis, Sumitomo Mitsui Banking Corporation and Standard Chartered Bank, said the company in a statament to the Saudi bourse Tadawul.
The facility is unsecured and will be used to finance SEC's diverse general corporate purposes including capital expenditure, it added.
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
13/04/2025
Saudi Electricity Company (SEC) has announced that it has received bids from leading utility majors for the construction of two 380kV substations at Afif city in central Saudi Arabia in the Najd regi
Trade Arabia
09/04/2025
GE Vernova and Saudi Electricity Company (SEC) have announced the successful completion of the first gas turbine outage entirely planned and executed by GE Vernova's Saudi engineers and specialists.
Trade Arabia
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03/10/2025
Emirates Islamic has joined forces with Amazon UAE and Mastercard to launch the first Amazon Credit Card in the Middle East and North Africa region.
Soon to be available exclusively in the
Trade Arabia
03/10/2025
Aluminium Bahrain (Alba) was honoured with the RoSPA President's Award during the Royal Society for the Prevention of Accidents (RoSPA) Safety Summit 2025.
The event was held in partnership
Trade Arabia
03/10/2025
In a move reflecting its commitment to a smarter and more agile investment future, National Investments Company has signed a strategic agreement to develop and implement an integrated Artificial Inte
Kuwait Times
03/10/2025
International Holding Company (IHC), the Abu Dhabi-based global investment firm, has announced a $1 billion (INR88.55 billion) investment in India's Sammaan Capital Limited, one of the country's larg
Gulfnews
03/10/2025
Elegancia Catering, a subsidiary of Estithmar Holding Q.P.S.C., signed an MoU this morning in Damascus with Urbacon Airports to establish a central production unit for catering services at Damascus I
The Peninsula
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