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SEC signs SR1.7 billion deal with GE

ALKHOBAR: Saudi Electricity Co. (SEC) signed two contracts worth around SR1.7 billion ($453 million) with US General Electric for maintenance of gas turbines at new power plants in Riyadh, SEC said.The deal, which would run for 25 years split between 8 basic years and 17 optional years, would cover maintenance

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Multi-Investment shares dominate by 1.54%

The Saudi stock market depicted a positive drive Sunday, as the Tadawul All-Share Index (TASI) edged higher to 8,388.17, up 50.38 points or 0.6 percent from previous level.On a year-to-date basis, the index crossed a positive return of 23.3 percent. The Med cap indices showed the best performance, advancing more

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