Saudi Electricity shareholders to vote on NCB, GIB facilities on Jan. 21

Saudi Electricity Co.'s (SEC) shareholders are set to vote on the seven-year syndicated Murabaha facility worth SAR 3 billion secured from the National Commercial Bank (NCB), in the ordinary general meeting that will be held on Jan. 21, according to a bourse statement.

The shareholders will also discuss the one-year facility agreement worth SAR 500 million concluded with Gulf International Bank (GIB).

Furthermore, they will vote on forming the audit committee for the three-year term starting Jan. 21, 2021.