Saudi Electricity, the Gulf's largest utility by market value, has approved 26 billion riyals ($6.93bn) of investments in four projects aimed at satisfying rapidly growing demand, the company said on Sunday.
Saudi Electricity may sell Islamic bonds, or sukuk, to help finance the four projects, it said in a statement posted on the Saudi bourse website. - Reuters
Sunday, June 29, 2008
Saudi Electricity plans $6.9bn investments
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