DHAHRAN/WAM Aramco has signed an $11 billion lease and leaseback deal involving its Jafurah gas ...
Read More »Saudi Electricity posts best quarterly profit in a decade
Bloomberg Saudi Electricity Co., the dominant electricity provider in the Arab world’s biggest economy, reported its best quarterly profit in more than a decade after the state-controlled utility raised prices following subsidy cuts. Third-quarter net income surged to 4.4 billion riyals ($1.2 billion) from 2.92 billion riyals in the year-earlier period, the company said in a statement to the ...
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