K&A is pleased to have acted as issuer’s counsel to Saudi Electricity Company (SEC) on its debut green sukuk. The USD 1.3 billion sukuk generated significant investor interest and received orders of more than $5 billion.

‍

This is K&A’s fourth sukuk issuance this year after having worked on SABB’s USD 5 billion international and SAR 5 billion local Sukuk program as counsel to the Dealers and Riyad Bank’s USD 3 billion international Sukuk program earlier this year as issuer’s counsel, which cements K&A as a debt capital markets leader in the Kingdom.

‍

This announcement comes on the back of K&A dominating the IFLR award nominations last week.

‍

Congratulations to SEC and the team.