Offering attracted strong demand from a diverse base of international investors, with peak orders exceeding $10.1bn
Saudi Electricity Company
Latest in Saudi Electricity Company
Saudi Electricity Company
Saudi Electricity Company sees revenue surge 18% to $23.6bn
Saudi Electricity Company sees net profit of around $1.8bn in 2024
Almarai
S&P Global believes rated companies will absorb Saudi diesel price hike
Company maintains ratings for SABIC, Almarai and SEC, saying the price rise will only lead to a marginal increase in production costs for them
ACWA Power
Saudi and South Korean firms sign $4bn power deal
Saudi power and electricity companies team up with Korea’s KEPCO to produce sustainable energy
Electricity
Saudi Electricity Company announces $3bn financing deal
Saudi utility signs deal with leading regional banks
conventional tranche
SEC’s $2bn Sukuk oversubscribed 7.7 times, attracting $15.4bn order book
The sukuk issue was in two parts: Green and conventional tranches
electric power
Saudi Arabia completes its longest 380-kilovolt overhead transmission line
The interconnection project between Qassim and Madinah regions will enhance electric connection between its central and western areas
Aramco
Saudi Aramco may raise up to $15bn in debut foreign bond
The world’s biggest oil producer may sell the bonds in the first half of the year
Privatisation
Saudi Arabia said to have growing ‘appetite’ for privatisation
Report suggests that the top candidates for privatisation are government entities within the power and water sectors
Dubai Electricity and Water Authority
GCC needs to spend $89bn on extra power capacity by 2022
Gulf region must add 43GW of electricity over the next five years, according to APICORP estimates
Dubai Electricity and Water Authority
GCC needs to invest $131bn to meet five-year power demand
Report says Saudi Arabia accounts for the largest spend needs with $59bn, followed by the UAE
Charging station
Saudi Electricity signs deal with Japanese firms for first electric vehicle project
As part of the deal, fast-charger stations will be built that will be able to charge electric vehicles in 30 minutes
Dubai Electricity and Water Authority
GCC power construction deals set to exceed $23bn in 2018
New report says Saudi Arabia will lead the way on contract, accounting for more than half of total
Dubai Electricity and Water Authority
Unit of India’s L&T bags major Saudi, UAE power deals
$250m orders include construction of one of Saudi Arabia’s longest overhead transmission lines
Crown Prince Mohammed bin Salman
SoftBank planning up to $25bn in Saudi investments
SoftBank will deploy $15 billion in the new Saudi city called Neom, and $10bn in state-controlled Saudi Electricity Co, according to sources
National Transformation Program
Saudi PIF, Softbank sign solar energy agreement
The MoU with the SoftBank Vision Fund will see the development of a 3-GW solar energy capacity in 2018
