Middle East Economic Survey


No 22


SEC Mulls Issuing International Paper To Fund $40bn Investment Drive

Melanie Lovatt reports from Abu Dhabi

The Saudi Electricity Company (SEC) is contemplating tapping international debt markets for the first time, by launching a bond that would be sold to foreign investors in a bid to fund its five-year investment program, estimated at SR150bn ($40bn). The company is eyeing this potential new source of funding after recently completing its...