Thursday 29 September 2016
 
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Saudi Electricity Company

Saudi Electricity to privatise assets by 2016-end

Saudi Electricity Company (SEC) plans to privatise its assets by the end of the year, its chairman said on Wednesday, as part of a drive to increase efficiency in the kingdom's utilities. "We expect to complete the planne

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Saudi Electricity to privatise assets by 2016-end

Saudi Electricity Company (SEC) plans to privatise its assets by the end of the year, its chairman said on Wednesday, as part of a drive to increase efficiency in the kingdom's utilities. "We expect to complete the planne

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Saudi Electricity Company Q2 profit plunges 28pc

Saudi Electricity Company (SEC), the largest utility firm in the Gulf region, has reported a 27.7 per cent decline in the second-quarter net profit over the same period last year. The company, which the government is aiming to res

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Saudi Electricity Company Q2 profit plunges 28pc

Saudi Electricity Company (SEC), the largest utility firm in the Gulf region, has reported a 27.7 per cent decline in the second-quarter net profit over the same period last year. The company, which the government is aiming to res

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Saudi Electric seals $3bn Korea loan deal

Saudi Electricity Company said on Monday it had signed an agreement with the Export-Import Bank of Korea for up to $3 billion of loans over the next three years. The amount could be lent over several loans, the Gulf's largest

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Saudi Electric seals $3bn Korea loan deal

Saudi Electricity Company said on Monday it had signed an agreement with the Export-Import Bank of Korea for up to $3 billion of loans over the next three years. The amount could be lent over several loans, the Gulf's largest

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Saudi Electric seals $3bn Korea loan deal

Saudi Electricity Company said on Monday it had signed an agreement with the Export-Import Bank of Korea for up to $3 billion of loans over the next three years. The amount could be lent over several loans, the Gulf's largest

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Saudi private sector eyed for $186bn power spend

Saudi Arabia’s private sector is expected to contribute a large percentage of the SR700-billion ($186.5 billion) investment needed in the next 10 years by the kingdom’s electricity sector, said a top official. The coun

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Saudi private sector eyed for $186bn power spend

Saudi Arabia’s private sector is expected to contribute a large percentage of the SR700-billion ($186.5 billion) investment needed in the next 10 years by the kingdom’s electricity sector, said a top official. The coun

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Saudi Electricity Company Q1 loss hits new high

Saudi Electricity Company (SEC), the Gulf's largest utility firm, reported its net loss for the first quarter more than doubled on Tuesday. It lost 1.94 billion riyals ($517.4 million) during the three months to March 31, comp

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