water and electricity prices to add 1.3-1.5ppt to CPI inflation due to
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c0.4% and 1.6% respectively). We think a 5% VAT tax
Sea World) represents a potential threat to Jarir and
coupled with capacity building and introduction of modern
will broaden the tax base and minimize tax evasion.
the timing of when there projects come online and how it
while higher electricity and water charges would not.
other Middle Eastern countries (19%) and Western Europe (12%).
especially in regards to SEC’s capital structure and
electricity sourced from SWCC and fees owed to municipalities) instead of
has developed a proven expertise in wind and solar projects
and one where it is well placed to become a global leader
and Saudi Royal Guard Regiment could be heavily supported from elsewhere
000 employees based locally. The UK and Saudi have
with 750 employees and a diversified portfolio