Saudi state power firm SEC has tapped the international finance market for the first time this year, taking its total outside funding since 2007 to $36.2bn.

Saudi Electricity Company (SEC), the kingdom’s largest power generator and the sole operator of its transmission and distribution grids, has secured a $1.75bn international syndicated loan to help fund expansion of its capacity to both supply and deliver electricity.

The banks stumping up the funds are: Japan’s Bank of...