{"id":105796,"date":"2026-02-12T00:00:00","date_gmt":"2026-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/12\/saudi-electricity-company-secures-sar-16-bn-in-shariah-compliant-financing\/"},"modified":"2026-02-12T00:00:00","modified_gmt":"2026-02-12T00:00:00","slug":"saudi-electricity-company-secures-sar-16-bn-in-shariah-compliant-financing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/12\/saudi-electricity-company-secures-sar-16-bn-in-shariah-compliant-financing\/","title":{"rendered":"Saudi Electricity Company secures SAR 16 bn in shariah-compliant financing"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SEC secures SAR 16 bn in credit facilities<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sa<\/strong><strong>udi <\/strong><strong>Electricity Company (SEC) inked a total of SAR 16 bn in agreements to obtain <\/strong><strong>s<\/strong><strong>hariah-compliant murabaha financing facilities with local and regional banks<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=93078&anCat=1&cs=5110&locale=en\" style=\"\">Tadawul disclosure<\/a>. SEC will allocate the money to refinance indebtedness under the existing murabaha facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s in?<\/strong> The three-year agreements \u2014 eligible for extension \u2014 involved Saudi National Bank, Al Rajhi Banking and Investment Corporation, Saudi Awwal Bank, Banque Saudi Fransi, Arab National Bank, Riyad Bank, and Qatar International Islamic Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEC\u2019s refinance play was backed by quite a few local and regional lending giants<\/p>\n","protected":false},"author":1,"featured_media":105797,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,2441,10,1390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-105796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-debt","tag-enterpriseam-ksa","tag-saudi-electricity-company-sec","wpautop","entry"],"acf":{"mongo_id":"119cff1f-4ddc-4a1f-ba41-94ec8bb5816a","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/446.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SEC secures SAR 16 bn in shariah-compliant financing","related_issue":[105781],"teaser":"SEC\u2019s refinance play was backed by quite a few local and regional lending giants"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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