| 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. |
| Total number of (Bonds/Sukuk) | - The First Tranche: 2,500 Sak; - The Second Tranche: 3,500 Sak; and - The Third Tranche: 6,000 Sak. |
| Par Value (Bonds/Sukuk) | USD 200,000. |
| Return (Bonds/Sukuk) | - The First Tranche: A fixed rate of 4.310% p.a., - The Second Tranche: A fixed rate of 4.518% p.a., and - The Third Tranche: A fixed rate of 5.065% p.a.. |
| Maturity (Bonds/Sukuk) | - The First Tranche: 3 years; - The Second Tranche: 6 years; and - The Third Tranche: 10 years. |
| Terms of Redemption | The Sukuk may be redeemed prior to the scheduled maturity date in certain cases as detailed in the base offering circular in relation to the Sukuk. |
| Additional Information | The Sukuk will be listed on the London Stock Exchange's International Securities Market. 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. |