VOL. XLIII

No. 13

27-March-2000

SAUDI ARABIA

Saudi Electric Company Awaits License To Begin Operating

The new joint stock Saudi Electric Company (SEC) is awaiting the issuance shortly by the Ministry of Commerce of a license to begin operations. Earlier this month, the board of directors of SEC approved the articles of the new company and all other measures necessary for a license to be granted. In February, Saudi Arabias 10 electricity companies signed a merger agreement, representing a major...