| Element List | Explanation |
|---|---|
| Offer Type | U.S. dollar denominated senior unsecured green and conventional Sukuk |
| Introduction | With reference to the announcement from Saudi Electricity Company ("SEC") published on the website of the Saudi Exchange (Tadawul) on 12-09-1444 (corresponding to 03-04-2023) regarding the commencement of the offer of its U.S. Dollar denominated green and/or conventional Sukuk under its international Sukuk programme (the "Sukuk") by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally. SEC is pleased to announce the completion of the offer of a Dual Tranche Series of Sukuk with a total amount of US$ 2 billion, consisting of green Sukuk Tranche and a conventional Sukuk Tranche. |
| Offer Type | U.S. dollar denominated senior unsecured green and conventional Sukuk |
| Value of the offer | A 10 year green Sukuk tranche of US$ 1,200 million, and a 30 year conventional Sukuk tranche of US$ 800 million. |
| Total number of (Bonds/Sukuk) | 10,000 |
| Par Value (Bonds/Sukuk) | US$ 200,000 |
| Return (Bonds/Sukuk) | A fixed profit rate of 4.632 % p.a. for the 10 year green tranche, and a fixed profit rate of 5.684% p.a. for the 30 year conventional tranche |
| Maturity (Bonds/Sukuk) | 10 year for the green tranche and the 30 year for conventional tranche |
| Terms of Redemption | The Sukuk may be redeemed prior to the scheduled maturity date in certain cases as detailed in the base prospectus in relation to the Sukuk |
| Additional Information | The issuance will be listed on the London Stock Exchange. The Sukuk may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.