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    SEC Secures Loan For Saudi Arabia-Egypt Electricity Interconnection Project


    August 12, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      SEC Secures Loan For Saudi Arabia-Egypt Electricity Interconnection Project

      • 12 Aug 2022
      • Saudi Arabia
      • Infrastructure

      News: Saudi Electricity Company (SEC) has signed an agreement with Standard Chartered Bank and Sumitomo Mitsui Banking to secure a USD567.5mn loan to partially finance the Saudi Arabia-Egypt interconnection project. The facility will be guaranteed by the Swedish Export Credit Agency (EKN) and will also be funded by the Swedish Export Credit Corporation (SEK) (Saudi Gulf Projects).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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