‎“Saudi Electricity” signs financing agreement with 9 banks for ‎SR10 billion‎

Saudi Electricity Company announced that it has signed a joint local financing agreement worth 10 billion riyals, for a period of 7 years, with the aim of financing the company’s general purposes, including capital expenditures.

The company has obtained financing from several parties, namely: Al-Rajhi Banking Investment Company, Banque Saudi Fransi, The Saudi British Bank, Al-Ahli Bank of Saudi Arabia, Riyad Bank, Bank Al-Bilad, Bank Al-Jazira, QNB Group, Qatar National Bank branch in Kingdom of Saudi Arabia and the Saudi Investment Bank.