Saudi Electricity Global SUKUK Company 3, founded in 2019 and based in Riyadh, Saudi Arabia, aims to provide financial solutions through Islamic financing instruments. The company primarily issues Sukuk, which are structured to comply with Sharia law, catering to both institutional and retail investors seeking ethical investment options.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SECO 5.50% 2044-04-08 USDSaudi Electricity Global SUKUK Company 3 | Cayman Islands | 2044-04-08 | 5.500 | 5.21 |
| SECO 5.50% 2044-04-08 USDSaudi Electricity Global SUKUK Company 3 | Cayman Islands | 2044-04-08 | 5.500 | 5.24 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The issuer has made significant strides in the Sukuk market, launching its inaugural bond issuance in 2020, raising approximately SAR 6 billion to support infrastructure projects within the Kingdom. Notably, its recent issuances have featured maturities ranging from 5 to 30 years and currently offer yields that are competitive within the industry, reflecting a commitment to attracting a diverse investor base. As of 2023, Saudi Electricity Global SUKUK Company 3 continues to play an essential role in the expansion of Sharia-compliant financing in the region, with positive market reception toward its issuance strategy and ongoing efforts to enhance liquidity.