Saudi Electricity Company signs $3.6 billion Credit Facility Agreement

Saudi Electricity Company (SEC) announces that it has signed USD 3.6 billion (equivalent to SAR 13.5 billion) International Syndicated Credit Facility agreement.

The financing entities includes ICBC, Bank of China, Agricultural Bank of China, Bank of Communications, China Construction Bank, KfW IPEX-Bank, State Bank of India, First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Boubyan Bank, Dubai Islamic Bank and The Saudi Investment Bank.

The financing duration will be 5 years with optional two years extension.