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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.
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