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Arabian Centres Company (Cenomi Centers) announces the completion of offering of USD denominated Shari’ah compliant Sukuk (Tap of the Sukuk issued on 25 Sha’aban 1445H (6 March 2024))
| Element List | Explanation |
|---|---|
| Offer Type | International USD denominated Shari’ah compliant Sukuk |
| Introduction | With reference to the Arabian Centres Company (“Cenomi Centers” or “the Company”) announcement published on Tadawul on 22 Sha’ban 1445H (corresponding to 3 March 2024G) regarding the completion of offering of USD 500,000,000 Shari’ah compliant Sukuk. The Company would like to announce that it has completed a private placement issuance of additional USD 100,000,000 Sukuk which shall be consolidated and will form part of the same currently outstanding USD 500,000,000 Sukuk due 2029 and issued on 25 Sha’aban 1445H (6 March 2024) The settlement of the additional Sukuk will take place on 8 Ramadan 1445H (corresponding to 18 March 2024G) |
| Offer Type | International USD denominated Shari’ah compliant Sukuk |
| Value of the offer | USD 100,000,000 |
| Total number of (Bonds/Sukuk) | 500 Sak |
| Par Value (Bonds/Sukuk) | USD 200,000 |
| Return (Bonds/Sukuk) | 9.5% |
| Maturity (Bonds/Sukuk) | 5 years |
| Terms of Redemption | The Sukuk may be redeemed prior to the scheduled dissolution date in certain cases as detailed in the offering circular dated on or around 4 March 2024G in relation to the Sukuk. |
| Additional Information | Application has been made to The International Stock Exchange Authority Limited (the "Authority") for the listing of and permission to deal in the Sukuk Certificates on the Official List of The International Stock Exchange. Sukuk Certificates may be sold in reliance on Regulation S under the U.S. Securities Act of 1933, as amended. The Company will continue to complete all the necessary procedures to settle the issuance of the Sukuk and allocate such Sukuk to the investors. This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. The Company will announce any other relevant material development to its shareholders in due course. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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