- The company, the Gulf鈥檚 largest utility, said in a bourse filing on Monday that it called shareholders for a meeting on Dec. 18 鈥渢o vote on the establishment of a power generation subsidiary鈥�
- 抖阴短视频 is embarking on a push to raise around $200 billion in the next several years through privatization programs in 16 sectors
RIYADH: Saudi Electricity Co. plans to establish a power generation subsidiary, pending shareholder approval, a step viewed by analysts as a sign the state-controlled power giant is pushing ahead with a long-awaited restructuring.
The company, the Gulf鈥檚 largest utility, said in a bourse filing on Monday that it called shareholders for a meeting on Dec. 18 鈥渢o vote on the establishment of a power generation subsidiary,鈥� without giving further details.
The Public Investment Fund, the kingdom鈥檚 sovereign wealth fund, owns a 74 percent stake in Saudi Electricity. The other major shareholder is state oil giant Saudi Aramco