12 Apr 2010
(MENAFN) The Chief Executive of Saudi Electricity Co (SEC) said that the state-controlled firm is planning to raise nearly $1.87 billion from an Islamic bond next month to fund expansion, even without a government guarantee, Reuters reported.
The official affirmed that the issue will take place next month and is projected to be for a minimum amount of $1.33 billion, noting that the Saudi bourse regulator, Capital Market Authority (CMA), had earlier approved the issue.
The sukuk issue will be Saudi Electricity’s third after it raised $1.87 billion last year and a maiden issue for the same amount in 2007.
Regional debt markets are gradually improving after Dubai’s government in March unveiled a $9.5 billion support plan for its conglomerate Dubai World which rattled markets in November with news it would ask for a stand-still on some of its debt.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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