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FINANCIAL NEWS
Saudi SEC signs USD13.17b loan
20 Jun 2014
(MENAFN) State-owned power utility Saudi Electricity Co. (SEC) has recently signed an interest-free loan worth USD13.17 billion with the Saudi Ministry of Finance, according to Arab News.
Riyadh’s bourse said that the loan has a lifespan of 15 years but there is a grace period of ten years before repayments begin.
SEC has been granted a soft loan in a royal decree in March to be able to fund power generation projects.
More News
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
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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
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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