Logo ofSaudi Electricity Co. (SEC)
The company added in a statement on Tadawul that the issuance is expected to be carried out through a special purpose vehicle (SPV) and offered to qualified investors inside and outside Saudi Arabia. 
The company appointed J.P. Morgan, HSBC, BofA Securities, Abu Dhabi Commercial Bank, Dubai Islamic Bank, Emirates NBD, First Abu Dhabi Bank, Kuwait Finance House, Standard Chartered Bank, Al Rajhi Capital, AlinmaCapital, Bank of China, the Islamic Corporation for the Development of the Private Sector (ICD), Intesa Sanpaolo, Industrial and Commercial Bank of China (ICBC), SMBC, andSNBCapital as joint lead managers for the potential offering.
The issuance value will be determined later based on market conditions and the company’s requirements.
The sukuk are intended to finance SEC’s general corporate purposes, including capital expenditures.
The company stated that the offering is subject to the relevant regulatory authorities’ approval, and it will be conducted in accordance with applicable laws and regulations.
SEC emphasized that this announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities and is subject to the terms and conditions of the sukuk.
The company will announce any further material developments in due course in accordance with applicable laws and regulations.
Logo ofSaudi Electricity Co. (SEC)
The company added in a statement on Tadawul that the issuance is expected to be carried out through a special purpose vehicle (SPV) and offered to qualified investors inside and outside Saudi Arabia.
The company appointed J.P. Morgan, HSBC, BofA Securities, Abu Dhabi Commercial Bank, Dubai Islamic Bank, Emirates NBD, First Abu Dhabi Bank, Kuwait Finance House, Standard Chartered Bank, Al Rajhi Capital, AlinmaCapital, Bank of China, the Islamic Corporation for the Development of the Private Sector (ICD), Intesa Sanpaolo, Industrial and Commercial Bank of China (ICBC), SMBC, andSNBCapital as joint lead managers for the potential offering.
The issuance value will be determined later based on market conditions and the company’s requirements.
The sukuk are intended to finance SEC’s general corporate purposes, including capital expenditures.
The company stated that the offering is subject to the relevant regulatory authorities’ approval, and it will be conducted in accordance with applicable laws and regulations.
SEC emphasized that this announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities and is subject to the terms and conditions of the sukuk.
The company will announce any further material developments in due course in accordance with applicable laws and regulations.
