VOL. XLIII
No. 15
10-April-2000
SAUDI ARABIA
Saudi Electricity Company Licensed To Begin Operating, With All Shares Sold
Saudi Commerce Minister Usama Faqih on 5 April issued a license to the new joint stock Saudi Electricity Company (SEC) to enable it to start operating. In February, Saudi Arabias 10 electricity companies including the four Saudi Consolidated Electric Companies (SCECOs) signed a merger agreement, representing an important step towards privatization (MEES, 21 February). The...
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