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Saudi Electricity Co. announces singing of a SAR 9 billion Syndicated Murabaha Local Facility

Element ListExplanation
Introduction Saudi Electricity Co (SEC) announces signing a Syndicated Murabaha Facility agreement.
Date of Receiving the Credit Facility 2020-08-26 Corresponding to 1442-01-07
Financier The National Commercial Bank,

Bank Albilad,

Al Rajhi Bank,

Riyad Bank,

Samba Financial Group,

Banque Saudi Fransi,

The Saudi British Bank

Credit Facility value SAR 9 Billion
Credit Facility duration 7 Years
Guarantees Provided for Credit Facility Unsecured borrowing
Purpose of the Credit Facility General corporate purposes including capital expenditure
Related Parties Mr. Rashid Ibrahim Sharif, SEC’s board member is the vice chairman of the National Commercial Bank, which is a related party
Additional Information N.A.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price Net Change
16.5 -0.1 (-0.6%)
Value Traded (SAR) Volume Traded
76,733,742.46 4,648,025

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