14 Jan 2026
| Element List | Explanation |
|---|---|
| Introduction | Saudi Electricity Company ("SEC") announces its intention to commence holding meetings with fixed income investors starting from 25/07/1447H (corresponding to 14/01/2026G). A potential U.S Dollar denominated Sukuk under its international Sukuk programme may follow, subject to market conditions. The offer is expected to be through a special purpose vehicle and by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally (the "Potential Offer"). SEC has mandated J.P. Morgan, HSBC, BOFA Securities, Abu Dhabi Commercial Bank, DIB, Emirates NBD, First Abu Dhabi Bank, Kuwait Finance House Capital, Standard Chartered Bank, Al Rajhi Capital, Alinma Capital Company, Bank of China, The Islamic Corporation for the Development of the Private Sector “ICD”, Intesa Sanpaolo, Industrial and Commercial Bank of China, SMBC, and SNB Capital as Joint Lead Managers in relation to the Potential Offer. |
| Offer Type | U.S. dollar denominated senior unsecured Sukuk. |
| Date of the board’s decision | 2025-11-04 Corresponding to 1447-05-13 |
| Value of the offer | The issuance amount will be determined at a later stage based on market conditions and SEC’s requirements at that time. |
| The Purpose of the offer | To fund SEC's general corporate purposes, including capital expenditures. |
| Approvals | The offer of the Sukuk will be subject to the approval of the relevant regulatory authorities and will be made in compliance with applicable laws and regulations. |
| Additional Information | This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the Sukuk. SEC will announce any other relevant material developments in due course as required by the relevant rules and regulations. |
