Saudi Electricity Company signs agreement with Korean Export Import Bank

Riyadh, 25 Safar 1437 AH, December 07 2015 SPA — Saudi Electricity Company announced today it had signed a framework agreement with Korean Export Import Bank (K-EXIM) for funding supported by the Bank for a period of 3 years commencing from the date of signing the contract, noting that the Company will frame a possible access to a number of loans in the future according to its choice if it wants at a total amount of $ 3 billion.
The company said in a statement on the financial market site “Tadawul” that the signing of this agreement does not ensue any financial obligations to the Company, adding that any development will be disclosed in the future.
— SPA
13:22 LOCAL TIME 10:22 GMT