Saudi Electricity Co. announces singing of a SAR 15.2 billion Murabah syndication loan
| Element List | Explanation |
|---|---|
| Introduction | Saudi Electricity Co (SEC) announces that it will sign today, Wednesday, 20/02/2019G a syndicated Murabaha facility agreement. |
| Date of receiving Credit Facility | 2019-02-20 Corresponding to 1440-06-15 |
| Creditor | Al-Rajhi Banking & Investment Corporation; The National Commercial Bank; The Saudi British Bank; Banque Saudi Fransi; Samba Financial Group; Arab National Bank; |
| Credit Facility value | SAR 15.2 Billion |
| Credit Facility duration | 7 years |
| Guarantees provided for credit facility | Unsecured borrowing |
| Reason for Credit Facility | General corporate purpose including capital expenditure |
| Related Parties | None |
| Additional Information | Any further material developments will be announced as it occurs. |
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