Saudi Electricity Co. completes redemption of $1.25bn sukuk

Follow-ups -eshrag News:

Tue, 2022-04-05 09:18

RIYADH: The Saudi Electricity Co. has redeemed the second tranche of its international Islamic sukuk, valued at $1.25 billion, which was listed on the London Stock Exchange.

The numbers of redeemed sukuk reached over 6,000, according to a bourse filing.

The sukuk will be delisted from the LSE as a result, and the impact of this transaction will be reflected in the financial statements for Q2 2022.

Main category: 
Business & Economy
Saudi Arabia
Islamic finance

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