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The National Shipping Company of Saudi Arabia (Bahri) announces the commencement of the offer of Sukuk denominated in Saudi Riyals (SAR).

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Introduction With reference to the announcement from The National Shipping Company of Saudi Arabia (Bahri) (the "Company") published on the website of the Saudi Stock Exchange (Tadawul) on 09/10/1443H (corresponding to 10/05/2022G) relating to the intention to issue Sukuk denominated in Saudi Riyals (SAR), the Company would like to announce the commencement of the issuance of the Sukuk.
Offer Type Sukuk denominated in Saudi Riyals (SAR) by way of Private Placement offer.
Value of the offer Up to 3,900,000,000 Saudi Riyals. The amount and terms of offer of the Sukuk will be determined subject to the market conditions.
Offering start Date 2022-06-16 Corresponding to 1443-11-17
Offering end Date 2022-07-21 Corresponding to 1443-12-22
The targeted class of the issuance Institutional and Qualified clients as defined in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority pursuant to Article 8 (a) (1) of the Rules on the Offer of Securities and Continuing Obligations.
Name of Issuance Manager The Company has appointed Al Rajhi Capital Company, HSBC Saudi Arabia and SNB Capital Company as Joint Lead Managers and Bookrunners.
Minimum Subscription SAR 1,000,000.
Offer Price (Sukuk /Bonds) Subject to market conditions.
Par Value SAR 1,000,000.
Return (Sukuk /Bonds) Subject to market conditions.
Maturity (Sukuk /Bonds) 7 years, subject to market conditions.
Terms of Redemption The Sukuk may be redeemed prior to the scheduled maturity date in certain cases as detailed in the offering circular in relation to the Sukuk.
Additional Information This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the Sukuk. The Company will announce any other relevant material developments 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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Last Price Net Change
27.45 0.2 (+0.73%)
Value Traded (SAR) Volume Traded
14,491,374.3 526,878