Publication Date:
Wed, 2011-02-16 02:42
In May, a senior executive said the company was considering its first international bond issue which would be an Islamic issue, or sukuk. The company has so far only issued domestic sukuk.
A request for proposals (RFP) has been sent to a limited number of local banks and international institutions with operations in Saudi Arabia, and replies are due by the end of February, IFR said.
SEC plans to invest $80 billion to boost capacity to at least 70,000 megawatts by 2020 from an installed capacity of 50,000 MW to meet domestic demand rising at eight percent annually.
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