The Saudi Electricity Company has signed a $2.577 billion revolving credit facility.
According to Arab Net, the company said in a statement that the financing period is 3 years, and aims to refinance existing revolving credit facilities, and to finance the company's general purposes, including capital expenditures. .
She added that the financing is with 11 banks, including Intesa Sanpaolo Bank, Bank of China, First Abu Dhabi Bank, HSBC Bank Middle East Limited, and JPMorgan Bank. Chase, Mizuho Bank, and MUFG Bank.
Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Abu Dhabi Islamic Bank, and Natixis.
The Saudi Electricity had announced the preliminary consolidated financial results for the second quarter of this year, achieving profits of 5.8 billion riyals, compared to losses of 869 million riyals during The corresponding period last year.
In a previous statement, the company said that revenues grew by 13.6% to reach 18.936 billion riyals, compared to 16.668 billion riyals during the same period last year.
