K&A advises on a $2 billion sukuk issuance

K&A acted as issuer’s counsel to Saudi Electricity Company (SEC) on its USD 2 billion five-year and a ten-year Islamic sukuk.

SEC, a Saudi Arabian publicly listed company — is the only entity in the kingdom that works on the transmission and distribution of electric power through 45 power generation plants in the country.

Advising the SEC was a team led by Managing Partner, Zeyad Khoshaim, and Projects & Finance Partner, Karim Wali, along with Associates Ghadah Alotaibi and Ghaida Meaigel.

Managing Partner Zeyad Khoshaim commented “This transaction solidifies our role as the go to firm for capital markets transactions”.