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FINANCIAL NEWS
Saudi SEC allocates USD225.54 m for power supply projects
10 Nov 2013
(MENAFN) The Saudi Electricity Company (SEC) plans two efficient power supply projects worth USD225.54 million in Madinah, according to Arab News.
The project aims to promote transmission capacity and meet the rising demand on electricity, said SEC Executive President Ali Saleh Al-Barrak, who signed the two contracts.
The construction process is expected to be completed after 29 months since the sign of the contract.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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