Saudi Electricity Co to sign SAR 15 bln syndicated loan today

20/02/2019 Argaam

 

Saudi Electricity Co. (SEC), the Kingdom’s utility provider, announced that it will sign SAR 15.2 billion Murabah syndicated loan today.

 

The credit facility has a tenor of seven years, and it will be directed to financing general corporate purposes including capital expenditure, SEC said in a bourse filing.

 

Creditors which will provide the syndicated loan are Al Rajhi Bank, NCB, Saudi British Bank (SABB), Banque Saudi Fransi (BSF), Samba Financial Group (SAMBA) and Arab National Bank (ANB).

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