The Saudi Electricity Company has issued of $2.4 billion in international sukuk, attracting strong global investor demand with peak orders exceeding $10.1 billion, that is 4.2 times the offer size.
The sukuk has followed a global virtual investor roadshow launched on January 14, 2026, which drew strong interest from investors across Asia, Europe, and the Middle East, and was successfully offered and priced the following day, January 15.
The issuance drew a broad base of international investors, underscoring strong confidence in the company’s creditworthiness, supported by solid investment-grade ratings from Moody’s, Fitch, and Standard and Poor’s.
Eng. Khaled bin Salem Al-Ghamdi CEO-Saudi Electricity Company
“The overwhelming response to this issuance is a testament SEC’s continued ability to access international capital markets efficiently. This success reflects our strong credit fundamentals, our pivotal role in the thriving Saudi economy, and our contribution to enabling the energy transition and advancing the objectives of Saudi Vision 2030. The issuance further enables our growth ambitions, as we continue to invest in strengthening the grid infrastructure, integrating renewable energy sources, and accelerating smart gird and digitalization initiatives. These investments will support our ongoing commitment to delivering high-quality, reliable electricity services while creating sustainable value for our customers and shareholders.”
Saudi Electricity Company
Founded on April 5, 2000, Saudi Electricity Company (SEC) connects and develops the Kingdom’s energy networks, supplying electricity with the highest reliability. Major shareholders are the Public Investment Fund (74.3 percent) and Saudi Aramco (6.9 percent). SEC prioritizes shareholder rights, transparent communication, and investment opportunities.
