21.10.2009 - Saudi Electricity eyes banks, sukuk to fund $1.8bln deal
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