Saudi Electricity Co lines up roadshow for dollar sukuk debut
Saudi Electricity Co (SEC), the kingdom’s national electricity provider, has asked Deutsche Bank and HSBC to arrange investor meetings as it looks to issue its debut international sukuk. Proceeds will be used to support SEC’s expansion plans, as Saudi Arabia struggles to supply uninterrupted electricity against a backdrop of industrial expansion and population boom.
A week long roadshow will begin on Wednesday, March 21 in Hong Kong before proceeding to Singapore, Kuala Lumpur, the UAE and London. Meetings may also be held in Germany and Switzerland.
A dollar denominated benchmark sukuk issue is then expected to follow, subject to market conditions. The
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