Saudi Electricity Company (SEC) has signed a USD 3 billion financing agreement with a consortium of leading international banks to strengthen its financial position and accelerate strategic infrastructure and development initiatives. The agreement was formalized during the 9th edition of the Future Investment Initiative (FII), reflecting growing global investor confidence in Saudi Arabia’s energy transition and economic diversification efforts.
Global Financial Institutions Participating
The financing deal includes major international and regional banks such as:
- ADCB, ADIB, BEA, Barclays, China Construction Bank, China Guangfa Bank, China Merchants Bank, HSBC, ICBC, ING, Dubai Islamic Bank, Emirates NBD, and others.
Strategic Impact of the Financing
The funding is expected to drive key national objectives through:
- Enhancing financial sustainability of Saudi Electricity Company
- Supporting large-scale development and infrastructure projects
- Contributing to the realization of Saudi Vision 2030
- Strengthening the sustainability of the power sector and the wider national economy
This strategic financing will enable SEC to accelerate its renewable energy integration, grid modernization, and infrastructure expansion programs in alignment with Saudi Arabia’s long-term vision to build a resilient, sustainable, and diversified energy economy.
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