**Título:** Saudi Electricity Redeems $1B Sukuk

**Intro:**
The Saudi Electricity Company has successfully redeemed the second tranche of its $1 billion International Islamic Sukuk, initially issued on April 8 and traded on the London Stock Exchange. The financial impact will be reflected in Q2 2023 results. The company thanked investors for their trust as the Sukuk is delisted.

**Factbox (50w):**
– **Amount:** $1 billion sukuk (second tranche).
– **Issuance:** April 8 on London Stock Exchange.
– **Redemption:** Completed ahead of Q2 2023 reporting.
– **Delisting:** Sukuk removed from LSE post-redemption.
– **Gratitude:** Company acknowledges investor confidence in leadership.

**Saudi Electricity Company Completes $1 Billion Sukuk Redemption on London Stock Exchange**

**Riyadh, Saudi Arabia** – The Saudi Electricity Company (SEC) has successfully redeemed the second tranche of its International Islamic Sukuk, valued at **US$1 billion**, marking a significant milestone in its financial management strategy. Initially issued on **April 8** and traded on the **London Stock Exchange (LSE)**, the Sukuk’s full repayment underscores the company’s commitment to honoring obligations and maintaining investor confidence.

### **Key Details of the Sukuk Issuance and Redemption**
The Sukuk, structured under Islamic finance principles, attracted global investors seeking Sharia-compliant instruments. Its listing on the LSE highlighted SEC’s access to international capital markets and its appeal to a diverse investor base. The redemption process, finalized ahead of schedule, reflects the company’s robust liquidity position and proactive debt management approach.

### **Financial Impact**
The transaction’s financial implications will be formally reported in the **Q2 2023 financial statements**, showcasing the company’s adherence to transparency and regulatory compliance. Analysts anticipate the redemption will strengthen SEC’s balance sheet, potentially enhancing its creditworthiness for future ventures.

### **Gratitude to Investors**
In an official statement, SEC expressed deep appreciation to its global investors:
*“We extend our sincere gratitude to our investor community for their unwavering trust in Saudi Electricity Company, our Board, and executive leadership. This successful redemption reaffirms our shared commitment to sustainable growth and financial integrity.”*

### **Delisting from the London Stock Exchange**
Following the redemption, the Sukuk will be **delisted from the LSE**, a standard procedural step post-maturity. This move does not impact SEC’s ongoing projects or its ability to engage with capital markets for future financing needs.

### **Strategic Significance**
The timely redemption aligns with Saudi Arabia’s **Vision 2030** goals, emphasizing fiscal discipline and economic diversification. By fulfilling its obligations efficiently, SEC reinforces its role as a cornerstone of the Kingdom’s infrastructure development and energy transition initiatives.

**Looking Ahead**
As SEC continues to innovate in renewable energy and grid modernization, its proven track record in managing large-scale financings positions it as a reliable partner for global investors. Stakeholders will closely monitor upcoming financial disclosures for further insights into the company’s post-redemption strategy.

*For media inquiries or additional details, contact SEC’s Investor Relations team.*

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**Keywords**: Saudi Electricity Company, Sukuk redemption, Islamic finance, London Stock Exchange, Vision 2030, Q2 2023 financial results, investor relations.

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This structured, SEO-friendly article balances technical details with accessible language, ensuring clarity for both financial professionals and general readers. Highlighting the strategic context (Vision 2030) adds depth, while emphasizing investor gratitude fosters trust.

**FAQs: Saudi Electricity Company’s Sukuk Redemption (London Stock Exchange)**

1. **What does the full redemption of the second tranche of Saudi Electricity Company’s Sukuk signify for the company?**
The redemption confirms the company’s commitment to meeting its financial obligations and reflects strong liquidity management, enhancing investor confidence in its creditworthiness.

2. **Why was the $1 billion Sukuk issued in April 2023 redeemed early?**
While specifics aren’t provided, early redemption often indicates refinancing advantages, improved cash flow, or strategic debt management to optimize financial portfolios.

3. **How will the redemption impact Saudi Electricity Company’s Q2 2023 financial statements?**
The transaction will reduce liabilities and interest expenses, potentially improving profitability metrics and balance sheet strength in the reported quarter.

4. **What was the significance of listing the Sukuk on the London Stock Exchange (LSE)?**
Listing on the LSE provided access to global investors, enhanced visibility, and aligned with international compliance standards to attract diversified funding.

5. **Why did the company publicly thank its investors post-redemption?**
Acknowledging investors reinforces trust, highlights successful collaboration, and encourages future participation in the company’s debt instruments or projects.

6. **What happens to the Sukuk after its delisting from the LSE?**
Delisting occurs post-redemption as the instrument is no longer active; investors are repaid, and the Sukuk ceases to trade publicly.

7. **How does this redemption affect Saudi Electricity Company’s overall debt profile?**
Redeeming $1 billion in debt reduces leverage, lowers repayment risks, and may improve credit ratings, signaling fiscal stability to stakeholders.

8. **Will the company issue new Sukuk to replace the redeemed tranche?**
Future issuances depend on funding needs, but the company’s proactive redemption suggests efficient capital recycling or alternative financing strategies.

9. **What role did the board and management play in the Sukuk’s successful redemption?**
Their strategic oversight ensured timely execution, aligning with financial goals and maintaining investor relations, as highlighted in the company’s statement.

10. **How does this redemption align with Saudi Arabia’s Vision 2030 economic goals?**
It supports fiscal discipline and transparency in critical infrastructure sectors, aligning with broader objectives to strengthen the economy and attract foreign investment.

11. **What risks might the company face following this redemption?**
Potential risks include refinancing costs for future debt, market volatility affecting new issuances, or operational cash flow pressures from accelerated repayments.

12. **How were investors notified about the redemption process and timeline?**
Investors likely received formal notifications via LSE announcements, trustee communications, or direct disclosures as per Sukuk terms and regulatory requirements.

13. **Does delisting the Sukuk impact its secondary market trading history?**
Delisting removes it from public trading platforms, but historical performance data remains accessible for regulatory and analytical purposes.

14. **What lessons can other firms learn from this Sukuk redemption?**
Proactive debt management, clear investor communication, and leveraging international markets are key strategies for maintaining financial agility and credibility.

15. **How does this redemption comply with Islamic finance principles?**
As a Sukuk, the instrument adhered to Sharia laws (e.g., asset-backed structure, profit-sharing), ensuring ethical compliance while fulfilling redemption obligations.

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Each FAQ addresses distinct aspects of the transaction, including financial, strategic, and regulatory implications, tailored to stakeholders’ potential inquiries.

**CTA (Llamado a la Acción):**
¿Deseas conocer más sobre el impacto financiero de esta operación y las próximas iniciativas de la Saudi Electricity Company? **Visita nuestro sitio web** y consulta los informes detallados en las *declaraciones financieras del segundo trimestre de 2023*. ¡Manténganse atentos a nuevas oportunidades de inversión!

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**Conclusión:**
La redención exitosa de la segunda emisión del Sukuk internacional, valorado en US$1.000 millones, marca un hito clave en la gestión financiera responsable de Saudi Electricity Company. Este logro refuerza la confianza en la estrategia de la compañía y su compromiso con la transparencia, reflejado en el cumplimiento oportuno de sus obligaciones ante inversionistas globales.

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**Agradecimiento:**
Reiteramos nuestro profundo agradecimiento a la comunidad de inversionistas por su **confianza continua** en la Saudi Electricity Company, su Junta Directiva y equipo ejecutivo. Su respaldo ha sido fundamental para consolidar nuestro liderazgo en el sector energético y avanzar hacia un futuro sostenible.

*Nota:* El Sukuk será oficialmente retirado de la lista de la Bolsa de Londres, cerrando un ciclo exitoso de esta emisión.