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Saudi Energy gets more than $4bn Islamic loan from local banks

By CityCalc Newsroom · Tue Jul 28 2026 · Source: AGBI

Saudi Energy, previously known as Saudi Electricity Company, has secured billions of dollars in new funding from a consortium of seven local banks to support its growth strategy. The SAR15.8 billion ($4.2 billion) sharia-compliant loan will be used for general corporat…

Saudi Energy, previously known as Saudi Electricity Company, has secured billions of dollars in new funding from a consortium of seven local banks to support its growth strategy. The SAR15.8 billion ($4.2 billion) sharia-compliant loan will be used for general corporat…

Curated by CityCalc from AGBI. Read the full article at the source.

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