Saudi's SEC finalises $1.3 billion loan, eyes more

Saudi Electricity Co (SEC) has finalised an Islamic financing worth 5 billion riyals ($1.33 billion) with four local banks to finance projects in the kingdom.
The 15-year murabaha financing was provided by Saudi Arabia's largest lender by assets, the National Commercial Bank, alongside Saudi British Bank 1060.SE (SABB), Samba Financial Group 1090.SE and Banque Saudi Fransi 1050.SE.