Intesa Sanpaolo with SACE in a US$1bn agreement with Saudi Electricity Company

1 December 2025

Intesa Sanpaolo’s IMI Corporate & Investment Banking Division has taken part, together with a pool of international banks, in the finalization of the US$1 billion Push Strategy initiative announced by SACE with Saudi Electricity Company (SEC), the leading electricity provider in Saudi Arabia.

The transaction aims to further strengthen commercial relations between Italy and Saudi Arabia in the energy sector, creating new opportunities for Italian companies.

In this transaction, the IMI CIB Division acted as Sole Facility Coordinator, Sole Bookrunner and Green Loan Coordinator, reaffirming its commitment to supporting energy transition projects at the international level.

The agreement was announced in the framework of the Italy–Saudi Arabia Business Forum, organized by the Italian Ministry of Foreign Affairs and International Cooperation.