SEC signs direct commercial financing agreement with Bank of China

SEC signs direct commercial financing agreement with Bank of China

The Saudi Electric Company (SEC) recently announced a direct commercial financing agreement worth $1.5 billion for industry and commerce.

The agreement was made with the Bank of China on June 29.

SEC signed a five-year agreement without the promise of guarantees from Saskhaddm’s financing of capital projects. The agreement is worth $5625 million Saudi Riyals.

Organizations in this story

Saudi Electricity Company Oasis Compound Granada Tower A1 Granada District 22955 Saudi Arabia ,

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