Saudi Electricity Company (SEC), the kingdom’s largest power generator and the sole operator of its transmission and distribution grids, has secured a $1.75bn international syndicated loan to help fund expansion of its capacity to both supply and deliver electricity.
The banks stumping up the funds are: Japan’s Bank of Tokyo-Mitsubishi, Sumitomo Mitsui, and Mizuho; UK’s HSBC and Standard Chartered; the US’ Citibank; France’s Natixis; and First Abu Dhabi Bank. (CONTINUED - 830 WORDS)
