| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement from Saudi Electricity Company ("SEC") published on the website of the Saudi Exchange (Tadawul) on 26/07/1447H (corresponding to 15/01/2026G), regarding the commencement of the offer of its U.S. Dollar denominated senior unsecured Sukuk under its international Sukuk issuance 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 triple tranche Sukuk with maturities of 3, 6, and 10 years, issued in an aggregate amount of US$2,400 million. |
| Offer Type | U.S. dollar denominated senior unsecured Sukuk. |
| Value of the offer | - The First Tranche: US$500 million; |
- The Second Tranche: US$700 million; and
- The Third Tranche: US$1,200 million.
- The Second Tranche: 3,500 Sak; and
- The Third Tranche: 6,000 Sak.
- The Second Tranche: A fixed rate of 4.518% p.a., and
- The Third Tranche: A fixed rate of 5.065% p.a..
- The Second Tranche: 6 years; and
- The Third Tranche: 10 years.
The Sukuk will be sold and delivered only outside the United States in offshore transactions to non-U.S. persons in reliance on Regulation S under the US Securities Act of 1933, as amended from time to time.
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.