Saudi Energy inks $3B deal with French bank

The Saudi Energy Company has signed a cooperation agreement valued at up to $3 billion with the French investment bank to finance and develop the electrical grid and expand it. This is part of a Memorandum of Understanding signed in November 2025. The agreement aims to provide competitive financing solutions for projects, including the development of electrical infrastructure and projects related to GE Vernova, with the possibility of expanding cooperation to include other French companies. The agreement focuses on diversifying funding sources and enhancing the flexibility of financing for future projects. It comes within the framework of strengthening strategic cooperation between Saudi Arabia and France.

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