Saudi Electricity Global SUKUK Company 2, headquartered in Riyadh, Saudi Arabia, was established to facilitate the financing needs of the Saudi Electricity Company through Sharia-compliant financial instruments. The company primarily focuses on issuing sukuk, or Islamic bonds, which are structured to comply with Islamic law while allowing participation in income-generating projects.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SECO 5.06% 2043-04-08 USDSaudi Electricity Global SUKUK Company 2 | Cayman Islands | 2043-04-08 | 5.060 | 5.48 |
| SECO 5.06% 2043-04-08 USDSaudi Electricity Global SUKUK Company 2 | Cayman Islands | 2043-04-08 | 5.060 | 5.50 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Saudi Electricity Global SUKUK Company 2 has made significant strides in the sukuk market, launching its first issuances in 2014. Notably, the company raised $1 billion in 2020, which was earmarked for financing various infrastructure projects within the Kingdom. Currently, its sukuk offerings exhibit competitive yields compared to industry standards, reflecting strong demand and investor confidence. In addition, the company also introduced variable rate bonds to diversify its financing options, prominently featuring a robust framework that ensures compliance with regulatory standards.