VOL. XLV
No 33
19-August-2002
SAUDI ARABIA
SEC Posts Losses Of $183Mn In First Half 2002
The Saudi Electricity Company(SEC) has posted a loss of SR686mn ($183mn) for the first half of 2002. Theloss in the first quarter was SR411mn ($109.7mn) with a slight improvement inthe second quarter to a loss of SR275mn ($73.3mn). The company, which posted aprofit of SR779mn ($207.7mn) in the 21-month period up to the end of 2001 (MEES, 13 May), said that it expectedperformance to improve in the third...
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