SEC secures $1.5 bln loan from China’s ICBC

30/06/2016 Argaam

Saudi Electricity Co. (SEC) on Wednesday inked a $1.5 billion (SAR 5.63 billion) direct commercial financing agreement with Industrial and Commercial Bank of China (ICBC).

 

The loan, which was unsecured, will go towards financing some of SEC’s capital projects, the company said in a statement to Tadawul.

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