Saudi Electricity Announces Value of International Islamic Sukuk for US1.25 bln

Saudi Electricity Company announced on Tuesday the redemption of the full value of the second tranche of its International Islamic Sukuk (the Sukuk) issued on April 3, 2012, amounting to 1.25 billion US dollars and listed on the London Stock Exchange.

The Number of redeemed (bonds/sukuk) is 6,25. The Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) is100 %. Issuance date is 03.04.2022. Trading end date is 03.04.2022.

The Sukuk par value at redemption date is US 200,000 dollar. Total issuance value after redemption is 0. Date of depositing the amounts in the (Bonds/Sukuk) Holders Accounts is 04.04.2022.

The financial impact of this transaction will appear in the financial statements of Q2 2022.

The Company want to thank its investor base for their trust in the Company, its Board and executive management.

The Sukuk will be delisted from London Stock Exchange.