Saudi Electricity Company announces obtaining a 3,000 million International Syndicated Facility
| Element List | Explanation |
|---|---|
| Introduction | Saudi Electricity Company announces signing a USD denominated International Syndicated Facility Agreement. |
| Date of obtaining the funding | 2022-08-11 Corresponding to 1444-01-13 |
| Financing entity | 1- Standard Chartered Bank
2- HSBC Bank 3- Intesa Sanpaolo 4- Mizuho Bank 5- MUFG Bank 6- Sumitomo Mitsui Banking Corporation 7- Industrial and Commercial Bank of China 8- State Bank of India 9- Bank of China 10- First Abu Dhabi Bank 11- Abu Dhabi Commercial Bank 12- Abu Dhabi Islamic Bank 13- National Bank of Kuwait 14- KfW IPEX-Bank 15- Societe Generale |
| Financing amount. | US$ 3,000,000,000 |
| Financing duration. | 5 years |
| Guarantees offered for the financing | None |
| Financing objective | Refinancing of an existing International Syndicated Facility and financing general corporate purposes including (without limitation) capital expenditure. |
| Related Parties | None |
| Additional Information | The Company may request to extent the tenor of the Agreement up to additional two years. |
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