Agreements SACE - 25 November 2025

SACE and SEC finalize USD 1 billion agreement to support Italian exports in Saudi Arabia’s energy sector

SACE, Italy’s Export Credit Agency, wholly owned by the Ministry of Economy and Finance, announced the finalization of a USD 1 billion Push Strategy initiative with Saudi Electricity Company (SEC), the primary source of electricity in Saudi Arabia and the leader in electricity production, transmission and distribution in the Middle East and North Africa.

The transaction aims to further strengthen trade relations and industrial cooperation between Italy and Saudi Arabia in the energy sector.

Intesa Sanpaolo acted as the Sole Facility Coordinator, Sole Bookrunner and Green Loan Coordinator, while Banco Bilbao Vizcaya Argentaria is appointed as the Agent Bank.

The deal secured strong participation from 13 international banks and generated a large oversubscription. The facility features a green tranche aligned with the sustainability targets shared by SEC, the lenders, and SACE.

The agreement, announced in the framework of the Italy–Saudi Arabia Business Forum organized by the Italian Ministry of Foreign Affairs and International Cooperation, is intended to increase SEC’s procurement of Italian goods and services in line with the Group’s significant investment plans, by promoting new opportunities for Italian suppliers across the energy value chain and facilitating interactions between SEC and the Italian industrial ecosystem through targeted business-matching initiatives.

Documents

Download 20251125 - Press Release SACE-SEC
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