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Asharq Al-Awsat

Business

Riyadh - Asharq Al-Awsat

Saudi: SEC Secures $2.6 Billion in Local Syndicated Facility Agreement

Electricity Saudi National Bank

The Oil Demand Sustainability Program signed a cooperation agreement with SAL Saudi Logistics Services. (SPA)

The Saudi Electricity Company signed with nine local banks a syndicated facility agreement valued at SAR 10 billion ($2.6 billion).

The seven-year facility is provided by Al Rajhi Bank, Banque Saudi Fransi, Saudi British Bank, Saudi National Bank, Riyad Bank, Bank Albilad, Bank AlJazira, Qatar National Bank KSA and Saudi Investment Bank.

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