Saudi Electricity unveils framework for issuing green bonds

SourceSaudi Gazette
SectorFinancial Markets
CountrySaudi Arabia

RIYADH — The Saudi Electricity Company has published a document outlining the framework for issuing green Sukuk in a move aimed at providing financial support for its projects through innovative and sustainable financing mechanisms.The company has stated that the portfolio of projects eligible for the inclusion in the framework of green Sukuk will be determined according to its contribution to improving energy efficiency, or in increasing renewable energy connected to the electrical grid, which in turn can contribute to various environmental and social benefits.The SEC indicated that the smart meters and the renewable energy more...