Saudi Electricity signs International Syndicated Facility agreement worth $3 billion

Saudi Electricity Company announced on Tuesday that it would sign a USD-denominated International Syndicated Facility agreement during the proceedings of the prominent global economic event, the Future Investment Initiative, held in Riyadh with Dubai Islamic Bank PJSC, Kuwait Finance House, Mashreqbank PSC, and Saudi National Bank

The company explained today on Tadawul that the value of the financing is $3 billion, and its duration is 5 years, with the aim of financing its expansion plans and capital investments in the industry.