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Almarai Company announces the commencement of the offer of its Trust Certificates denominated in U.S.$
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Almarai Company ("Almarai") published on the website of the Saudi Stock Exchange (Tadawul) on 29/12/1444H (corresponding to 17/07/2023G), relating to Almarai’s intention to issue U.S.$-denominated Trust Certificates (the “Trust Certificates”), Almarai announces the commencement of the Trust Certificate’s offering. |
| Offer Type | Trust Certificates denominated in U.S.$ |
| Value of the offer | The issuance amount will be determined after the completion of the offer period, based on market conditions at that time. |
| Offering start Date | 2023-07-18 Corresponding to 1444-12-30 |
| Offering end Date | 2023-07-19 Corresponding to 1445-01-01 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally. |
| Name of Issuance Manager | Almarai has mandated Citigroup, Dubai Islamic Bank, HSBC, J.P. Morgan and Standard Chartered Bank as joint lead managers in relation to the offering of the Trust Certificates. |
| Minimum Subscription | U.S.$200,000 and in increments of U.S.$1,000 in excess thereof. |
| Offer Price (Sukuk /Bonds) | To be determined subject to market conditions. |
| Par Value | U.S.$200,000 |
| Return (Sukuk /Bonds) | To be determined subject to market conditions. |
| Maturity (Sukuk /Bonds) | 10 years. |
| Terms of Redemption | The Trust Certificates may be redeemed prior to the scheduled maturity date in certain cases as detailed in the base offering circular issued on 29/12/1444H (corresponding to 17/07/2023G) prepared in relation to the Trust Certificates. |
| Additional Information | This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. Almarai will announce any other relevant material developments in due course as required by the relevant rules and regulations. The Trust Certificates will be listed on the Global Exchange Market of the Irish Stock Exchange plc trading as Euronext Dublin. The Trust Certificates may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended. It is worth noting that the issuance end date referred to above is the expected date of completion of the offering of the Trust Certificates, subject to market conditions. |
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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