K&A advises the Saudi Electricity Company on its SAR 8 billion Murabaha Facility

K&A advised the Saudi Electricity Company (SEC) on its SAR 8 billion Murabaha Facility (the Facility). The Facility is co-financed by Banque Saudi Fransi, the National Commercial Bank, Samba Financial Group, Arab National Bank, JP Morgan Chase Bank, NA., Riyadh Branch and the Saudi British Bank. The Facility is being used to finance SEC’s diverse general corporate purposes including capital expenditure.

The work was led by Projects & Finance Partner Karim Wali of and supported by associates Ghadah AlOtaibi and Yasmeen Ameen.

Karim Wali commented “We are proud to be working with SEC on its financings. SEC’s plans fit squarely within Vision 2030 and we are happy to have played a role to support it.”