Saudi Energy Co. — Capital/Financing Update 2021

Jul 8, 2021

Saudi Electricity Co. announces obtaining a US$500 million Green Credit Facility under The Japan Bank for International Cooperation (JBIC) green operations

5110 · 08/07/2021 08:37:45 · Announcement #64081 · View on Saudi Exchange

Saudi Electricity Co. announces obtaining a US$500 million Green Credit Facility under The Japan Bank for International Cooperation (JBIC) green operations

Element List	Explanation
Introduction	Saudi Electricity Company has signed a Green facility, financed and guaranteed by the Japan Bank for International Cooperation (JBIC), to support its Green projects in the field of transmission and distribution networks.
Date of obtaining the funding	2021-07-07 Corresponding to 1442-11-27
Financing entity	1) Japan Bank for International Co-operation

2) MUFG Bank Ltd.

3) The Bank of Yokohama, Ltd

4) The Joyo Bank, Ltd.

5) The Nanto Bank, Ltd

6) The Nishi-Nippon City Bank Ltd.

7) The Hachijuni Bank, Ltd

8) The San –in Godo Bank Ltd. Financing amount. US$500,000,000 Financing duration. 12 Years Guarantees offered for the financing None Financing objective The facility will be utilized to finance transmission and distribution projects related to renewable interconnection, energy efficiency and system reliability. Related Parties None Additional Information The facility signing comes at the backdrop of the MoU signed between SEC and JBIC in December 2020, under Saudi-Japan Vision 2030, to Strengthen Cooperation for promoting energy transition and environmental and social sustainability

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