Saudi Electricity announced on the Saudi Stock Exchange (Tadawul) on 11 October that it has made progress in discussions with the “concerned government authorities” regarding the restructuring of its financial liabilities to Riyadh.

SEC’s total financial liabilities have steadily risen to hit a record SR299.5bn ($79.8bn) at the end of Q2 2020. Of this, government payables and government loans accounted for a record $37.7bn (see chart). As a proportion of total liabilities, this equated to 47.2%, slightly down on the 2018 peak of 49.6%. (CONTINUED - 281 WORDS)