Home Industry Energy Saudi Electricity To Be Paid SAR2.7bn In Debt Owed The payment will have a significant impact on earnings, the company said. by Reuters July 6, 2014 Saudi Electricity Co (SEC) will be paid SAR2.7 billion ($719.9 million) in debt owed by high profile customers, it said in a statement on Sunday. The debt was previously recorded as provisions against receivables outstanding and the payment will have a significant impact on earnings, a bourse statement said. SEC did not clarify in which quarter the payment will be reflected but it obtained approval from relevant authorities for it on July 3. 0 Comments