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Saudi Electricity Company (SEC)

Fitch upgrades Saudi Electricity Co. to ‘A+’ citing strong govt support

Saudi Electricity Co. received an upgrade from Fitch Ratings, raising its long-term foreign and local currency issuer default rating to “A+” from “A,” citing government support. In its latest report, the agency also upgraded the…
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Business

SEC closes $3bn financing for 3.6GW capacity power stations

Saudi Arabia’s power generation is poised for a substantial boost following the successful closing of financing for two electricity projects, with a combined capacity of 3.6 gigawatts. The deals involving the Taiba 1 and Qassim 1…
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