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Saudi govt gives SEC $13bn loan

: Monday, March 24 - 2014 @ 02:18

Saudi Electricity Co (SEC) has said it has been granted an interest-free loan of SR49.4bn ($13.2bn) from the government to help fund its power generation projects, Reuters has reported. The loan would be disbursed after talks with the finance ministry, said the SEC, without providing further details.

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Monday, March 24- 2014 @ 2:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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