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Emerging MarketsEM Middle East

SEC scores first Saudi green bond

AdobeStock_SaudiArabia_green_575x375_11Sept2020

Saudi Electricity Co, which is majority-owned by the kingdom of Saudi Arabia, has raised its debut green sukuk — making it the first green bond ever issued by a Saudi issuer, just months after the Ministry of Finance raised a green export credit agency-backed syndicated loan.

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