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FINANCIAL NEWS
SEC signs USD0.850 b projects’ contracts
23 Oct 2013
(MENAFN) Saudi Electricity Company (SEC) has signed eight contracts to build the new USD850 million substations that aim to cover the Kingdom’s demand on electric power, according to Arab News.
Chief Executive Officer Ali bin Saleh Al-Barrak said: “The projects will raise the level of electrical services provided by SEC and increase its reliability by providing stable and uninterrupted usage.”
The new electric projects will be located at Riyadh, Jeddah, and Qassim.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
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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