Saudi Electricity says PIF waives share in 2019 dividend

21/04/2020 Argaam

 

Saudi Electricity Co. (SEC) said that the Public Investment Fund (PIF) waived its share in SEC’s dividend for the fiscal year 2019.

 

The dividend waiver comes in line with the goals of restructuring the electricity sector and SEC.

 

The waiver was given on PIF’s stake in the utility provider that represents 74.31% of its total shares.

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