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: |
| 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 (Euronext Dublin) |
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