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FINANCIAL NEWS
GE, SEC sign USD700 m deal
27 Nov 2013
(MENAFN) General Electric Co. and Saudi Electricity Co. have signed a USD700 million deal to supply the latter with natural gas turbines, according to Arab News.
The slow global-electricity consumption has affected the demand on GE’s generators in the last two years.
Nowadays, Saudi Arabia has more than 500 of GE’s generators to supply half of its power.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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