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FINANCIAL NEWS
Saudi power sector grows 6 percent in 2013
01 Jul 2014
(MENAFN) Saudi Electricity Company (SEC) and the National Gas and Industrial Company (GASCO) posted a 6 percent growth in sales reaching USD9.984 billion in 2013 compared to USD9.435 billion in 2012, according to Arab News.
The kingdom’s power sector saw a drop in sales by 12.4 percent in the first three months of the current year, totaling USD2 billion compared to USD2.29 billion during the same period 2013.
In the meantime, net losses of the sector rose by 42 percent to USD234.4 million in the first quarter of 2014, compared to USD165.43 million in same quarter 2013.
More News
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BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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