“Electricity” announces progress in talks with government agencies regarding security issues

This treatment is expected to have a fundamental role in restructuring the company’s financial position

The Saudi Electricity Company announced on the “Tadawul” website that there is progress in the talks between the concerned government agencies and the company regarding the handling of the financial obligations owed to the government.

In detail, Tadawul said: Referring to the announcement of the Saudi Electricity Company (the company) published on the financial market website “Tadawul” on 01/29/2020 corresponding to 06/04/1441 AH regarding the approval of the budget account, and within the framework of the regulatory reforms in the electricity sector to ensure sustainability And the efficiency of the electricity sector in the Kingdom of Saudi Arabia and in accordance with the Kingdom’s Vision 2030, the company announces that there is progress in the talks between the relevant government agencies and the company regarding the handling of the financial obligations owed to the government.

She added: Although it is too early to determine the financial impact on the company, in the event that the talks conclude with an agreement and the necessary approvals are issued, it is expected that this treatment will have a fundamental role in restructuring the company’s financial position, strengthening its financial position and its ability to borrow and provide service with high efficiency. This treatment is not expected to have a material impact on the dividends per share.

The company will announce any subsequent developments in this regard if they occur.
Saudi Electricity Company

Electricity announces progress in talks with government agencies regarding financial obligations
Sabaq electronic newspaper
Previously
2020-10-11

The Saudi Electricity Company announced on the “Tadawul” website that there is progress in the talks between the concerned government agencies and the company regarding the handling of the financial obligations owed to the government.

In detail, Tadawul said: Referring to the announcement of the Saudi Electricity Company (the company) published on the financial market website “Tadawul” on 01/29/2020 corresponding to 06/04/1441 AH regarding the approval of the budget account, and within the framework of the regulatory reforms in the electricity sector to ensure sustainability And the efficiency of the electricity sector in the Kingdom of Saudi Arabia and in accordance with the Kingdom’s Vision 2030, the company announces that there is progress in the talks between the relevant government agencies and the company regarding the handling of the financial obligations owed to the government.

She added: Although it is too early to determine the financial impact on the company, in the event that the talks conclude with an agreement and the necessary approvals are issued, it is expected that this treatment will have a fundamental role in restructuring the company’s financial position, enhancing its financial position and its ability to borrow and provide service with high efficiency. This treatment is not expected to have a material impact on the dividends per share.

The company will announce any subsequent developments in this regard if they occur.

October 11, 2020 – Safar 24, 1442

09:52 AM


This treatment is expected to have a fundamental role in restructuring the company’s financial position

The Saudi Electricity Company announced on the “Tadawul” website that there is progress in the talks between the concerned government agencies and the company regarding the handling of the financial obligations owed to the government.

In detail, Tadawul said: Referring to the announcement of the Saudi Electricity Company (the company) published on the financial market website “Tadawul” on 01/29/2020 corresponding to 06/04/1441 AH regarding the approval of the budget account, and within the framework of the regulatory reforms in the electricity sector to ensure sustainability And the efficiency of the electricity sector in the Kingdom of Saudi Arabia and in accordance with the Kingdom’s Vision 2030, the company announces that there is progress in the talks between the relevant government agencies and the company regarding the handling of the financial obligations owed to the government.

She added: Although it is too early to determine the financial impact on the company, in the event that the talks conclude with an agreement and the necessary approvals are issued, it is expected that this treatment will have a fundamental role in restructuring the company’s financial position, strengthening its financial position and its ability to borrow and provide service with high efficiency. This treatment is not expected to have a material impact on the dividends per share.

The company will announce any subsequent developments in this regard if they occur.

These were the details of the news “Electricity” announces progress in talks with government agencies regarding security issues for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Celebrating the UN staffers who ‘carry hope around the globe’
NEXT The first comment from the Tunisian Renaissance Movement on the appointment...