RIYADH: State-controlled utility Saudi Electricity Co (SEC) has obtained $1.5bn in financing from Industrial and Commercial Bank of China, SEC said on Thursday.
The five-year “direct commercial funding agreement” was signed on June 29 and will be used to fund part of SEC’s capital projects. The funding was extended without SEC providing any guarantees, the company said without elaborating.
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LAHORE: Ethiopia’s Ambassador to Pakistan, Dr Oumer Hussein Oba, informed Commerce Minister Jam Kamal Khan that Ethiopian Airlines is planning...
