ASIATODAY.ID, RIYADH — The Saudi Electricity Company (SEC) has signed a series of strategic agreements worth over $4 billion with leading local and international financial and technology partners during the ninth Future Investment Initiative (FII9) in Riyadh on October 30, 2025.
The landmark deals aim to enhance efficiency, sustainability, and digital transformation across the Kingdom’s power sector — a key pillar of Saudi Vision 2030.
Underscoring global confidence in Saudi Arabia’s energy transformation, SEC sealed a $3 billion international financing agreement with a consortium of world-leading banks, including HSBC, Barclays, ING Bank, ICBC, Emirates NBD, and the Agricultural Bank of China, among others.
The financing will strengthen SEC’s liquidity and expand its global funding base to accelerate power generation, transmission, and distribution projects across the Kingdom. The move reinforces SEC’s position as a trusted global energy partner and a central enabler of the Kingdom’s sustainable energy transition.
$1 Billion Framework Agreement with SERV and Standard Chartered
In a parallel effort to diversify funding and drive innovation, SEC signed a $1 billion Export Credit Agency (ECA) framework agreement with Swiss Export Risk Insurance (SERV) and Standard Chartered Bank. The ECA-backed facility will support SEC’s strategic initiatives while promoting Saudi-Swiss cooperation in project execution and improving capital efficiency.
Driving Digital Transformation through FinTech Partnerships
As part of its ongoing digital transformation, SEC launched an innovative Supply Chain Financing (SCF) program in collaboration with Manafa Financing, a Saudi FinTech company operating under the Saudi Central Bank’s Regulatory Sandbox, and SAP Taulia, a global leader in working capital management.
In strategic partnership with the Saudi Industrial Development Fund (SIDF), the program introduces digital solutions that optimize working capital, enable early supplier payments, and improve transparency in procurement and supply chain management.
The initiative was launched during a ceremony attended by SIDF CEO Prince Sultan bin Khalid bin Faisal, SEC CEO Eng. Khalid Alghamdi, and Manafa CEO Abdulaziz Aladwani, alongside senior energy and financial executives.
These agreements collectively reaffirm SEC’s strategic role in powering Saudi Arabia’s economic diversification and clean energy agenda. By expanding its global partnerships and adopting sustainable financing and digital solutions, SEC continues to strengthen its ability to deliver reliable, efficient, and future-ready electricity services across the Kingdom.
With this multi-billion-dollar commitment, Saudi Electricity Company positions itself at the forefront of the Kingdom’s green and digital transformation, driving the energy sector toward greater efficiency, sustainability, and innovation in line with Vision 2030. (SPA)
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