Saudi Electricity secures USD 3 billion syndicated loan

On Tuesday, Saudi Electricity Co. announced the successful acquisition of a $3 billion syndicated loan aimed at supporting its expansion initiatives and capital investments. The funding for this transaction was provided by Dubai Islamic Bank, Kuwait Finance House, Emirati-based lender Mashreqbank, and Saudi National Bank. Saudi Electricity indicated its intention to formally sign the facility denominated in US dollars during the upcoming Future Investment Initiative conference in Riyadh, Saudi Arabia, taking place later this week.

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