Facilities

Commercial banking facilities

As at 31 March 2016, SEC had SAR 32.6 billion of outstanding local/international/export credit agencies facilities, representing 48.3% of the total commercial loans. The table below shows details of the major facilities:

 

Type of loan/facility

 

 

Facility Amount

 

Amount outstanding

 

 

Maturity/expiry date

 

Syndicated murabaha facility

 

SAR 6 billion

 

SAR 2.455 billion

 

2020

 

US Export-Import bank and export development bank of Canada

 

 USD 1.110 billion

(SAR 4.125 billion)

 

USD 522.6 million

(SAR 1.960 billion)

 

2021

 

Public investment fund

 

SAR 2.583 billion

 

SAR 1.831 billion

 

2024

 

Syndicated murabaha facility

 

 SAR 5 billion

 

SAR 3.846 billion

 

2025

 

COFACE french export credit agency

 

USD 989 million

(SAR 3.709 billion)

 

USD 629.6 million

(SAR   2.361 billion)

 

2024

 

Korean export credit agency loan

 

USD 1.4 billion

(SAR  5.250 billion)

 

USD 1.283 billion

( SAR  4.812  billion)

 

2026

 

 

Korean & Japanese export credit agencies

 

USD 2.0 billion

(SAR 7.5 billion)

 

USD 1.906 billion

(SAR  7.147 billion)         

 

2028 

 

Revolving credit facility - domestic syndicate

 

 

SAR 2.500 billion

 

SAR 2.500 billion

 

2018

 

Revolving credit facility - International syndicate

 

 

USD 1.400 billion

(SAR 5.250 billion)

 

USD 1.400 billion

(SAR 5.250 billion)

 

2019

 

Government Long term Interest free loans

 

Date Agreed

 

Facility Amount

 

 

Outstanding

 

 

Nature

 

Annual repayment

 

Maturity

 

August 2005

 

 

SAR 14.938 billion

 

 

SAR14.938 billion

 

Interest free

 

Repayment determined at maturity

 

TBD in 2024

 

April 2010

 

 

SAR 15.000 billion

 

 

SAR15.000 billion

 

Interest free

 

10 years grace, 15 year repayment

 

2035

 

 

June 2011

 

 

SAR 51.100 billion

 

 

SAR 38.300 billion

 

Interest free

 

15 years grace, 10 year repayment

 

       2036

 

March 2014

 

 

SAR 49.400 billion

 

 

SAR 14.100 billion

 

Interest free

 

15 years grace, 10 year repayment

 

2038