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FINANCIAL NEWS
Saudi offers USD13.2 b loan to SEC
21 Mar 2014
(MENAFN) Saudi government has awarded the state-owned power utility Saudi Electricity Co. a USD13.2 billion loan to help fund its power generation projects, according to Arab News.
The loan, which was received on Thursday, is planned to be distributed after talks with the Finance Ministry.
SEC head Ziyad Alshiha said that power usage in Saudi Arabia had risen by around 7 to 8 percent a year over the last decade and would continue to rise.
More News
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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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