Riyadh-Mubasher: Saudi Electricity Co. (SEC) has signed a three-year revolving credit facilities agreement worth SAR 2.5 billion with the National Commercial Bank (NCB) and Samba Financial Group (SFG).
The facilities were structured in the form of an unsecured revolving Murabaha loan, the company said in a bourse statement on Wednesday.
SEC had earlier agreed to start negotiations to raise credit facilities divided into two tranches -- a dollar-denominated tranch worth $1.5 billion and a riyal-denominated tranche worth SAR 3 billion maximum.
