Saudi Electricity Company announces full redemption of its International Sukuk maturing on the 27th January 2024

Saudi Electricity Company announces full redemption of its International Sukuk maturing on the 27th January 2024

Element List

Explanation

Introduction

Saudi Electricity Company announces full redemption of its International Sukuk due on 27th January 2024 (Sukuk). This Sukuk is listed on Irish Stock Exchange (Euronext Dublin) and has been issued by SEC on 27/09/2018.

Offer Type

Islamic Sukuk

Value of the redeemed (sukuk bonds)

USD 800,000,000

Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk)

100 %

Number of redeemed (bonds/sukuk)

4,000

Issuance Date

2018-09-27 Corresponding to 1440-01-17

Trading End Date

29-01-2024

Sukuk Par Value at Redemption Date

USD 200,000

Total issuance value after redemption

0

Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts

2024-01-29 Corresponding to 1445-07-17

Name of the Entity Responsible for the Deposit and Contact Details

HSBC Bank plc (paying agent) Email: [email protected]

Additional Information

The financial impact of this Sukuk redemption will take effect in SEC financial statements for Q1 2024. The Company would like to thank its investor base for their trust in the Company. the Sukuk will be delisted from Irish Stock Exchange