Saudi Energy Co. — Capital/Financing Update 2012

Mar 28, 2012

The Saudi Electricity Company has successfully completed the pricing and allocations for a total sukuk issuance of US$ 1,750 million

5110 · 28/03/2012 09:14:11 · Announcement #24836 · View on Saudi Exchange

The Saudi Electricity Company has successfully completed the pricing and allocations for a total sukuk issuance of US$ 1,750 million

Further to the announcement published on Tadawul on 25/04/1433H (18/03/2012) with respect to the international sukuk issuance, it is hereby announced that the Saudi Electricity Company has successfully completed the pricing and allocations for a total sukuk issuance of US$ 1,750 million. The sukuk issuance will consist of two separate series of sukuk certificates; a US$ 500 million 5-year series and US$ 1,250 million 10-year series priced at 2.665% and 4.211%, respectively, with profit payments payable on a semi-annual basis starting 2012. The sukuk has been allocated primarily with investors across Europe, Middle East and Asia and will only be offered in the kingdom of Saudi Arabia by way of private placement under the applicable regulations. The sukuk transaction was extremely will received from all markets and generated a large order book with orders in excess of US$ 17,500 million.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.