16.04.2010 - SEC appoints banks for Sukuk issue
From Us-sabc.org: Saudi Electricity Company (SEC) has appointed Samba Capital and the U.K.ís HSBC to lead a sukuk issue of up to $1.9 billion (SR7 billion), which is expected to be launched in May. Proceeds from the sukuk will be used for SECís expansion plans. SEC is executing projects to add 5,105 megawatts of new power capacity by 2012 and plans to buy electricity from an independent consortium that is developing a power and desalination plant with an output capacity of 850 megawatts.......................Full Article: Source
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