Saudi Electricity Company has entered into a Shari’ah-compliant Murabaha financing agreement totaling SAR 16 billion. The facility was signed on February 11, 2026.
The financing is provided by a group of banks including Saudi National Bank, Al Rajhi Banking and Investment Corporation, Saudi Awwal Bank, Banque Saudi Fransi, Arab National Bank, Riyad Bank, and Qatar International Islamic Bank. The duration of the facility is three years with an option to extend it under certain conditions.
No guarantees were required for this financing arrangement. The company stated that the purpose of the new facility is to refinance existing indebtedness under its current Murabaha facility.
“Saudi Electricity Company has signed a Shari’ah-compliant Murabaha financing facility with a total committed amount of SAR 16 billion,” according to the company’s announcement.
The agreement involves related parties, specifically Saudi National Bank. No additional information was disclosed by the company regarding this transaction.
