From Reuters: State-controlled Saudi Electricity Co 5110.SE (SEC) is confident it would raise up to 7 billion riyals ($1.87 billion) from an Islamic bond next month to fund expansion, even without a government guarantee.

Saudi Electricity’s chief executive, Ali Saleh al-Barrak, said the issue would take place next month and is projected to be for a minimum amount of 5 billion riyals……………………………….Full Article: Source