April 6, 2023
Saudi Electricity Company announces full redemption of its International Islamic Sukuk due on 8th of April 2023 amounting to US$ 1 billion
| Element List | Explanation |
| Introduction | Saudi Electricity Company announces the redemption of the full value of the second tranche of its International Islamic Sukuk (the Sukuk) issued on April 8, 2013, amounting to US$ 1 billion and listed on the London Stock Exchange. |
| Offer Type | US dollar denominated Islamic Sukuk |
| Value of the redeemed (sukuk\ bonds) | US$ 1 billion |
| Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) | 100% |
| Number of redeemed (bonds/sukuk) | 5,000 |
| Issuance Date | 2013-04-08 Corresponding to 1434-05-27 |
| Trading End Date | 08-04-2023 |
| Sukuk Par Value at Redemption Date | 200,000 US dollar |
| Total issuance value after redemption | 0 |
| Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts | 2023-04-11 Corresponding to 1444-09-20 |
| Name of the Entity Responsible for the Deposit and Contact Details | Deutsche Bank AG, London Branch is the paying agent.Email:debt.services@db.com |
| Additional Information | The financial impact of this transaction will appear in the financial statements of Q2 2023.The Company would like 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 |
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