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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk), New Launches more

Saudi Electricity eyes banks, sukuk to fund $1.8bln deal

Posted on 21 October 2009

From Reuters: Power utility Saudi Electricity 5110.SE said it would borrow from banks and use Islamic bond to help finance a 6.88 billion riyals ($1.84 billion) contract signed on Tuesday.

The Gulf’s largest utility by market value signed the agreement awarding South Korean builder Doosan Heavy Industries & Construction and Arabian Bemco Contracting Co the contract to expand al-Qurrayah power plant…………………..Full Article: Source

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