Arabian Centres Company (Cenomi Centers) announces the completion of offering of USD denominated Shari’ah compliant Sukuk

Arabian Centres Company (Cenomi Centers) announces the completion of offering of USD denominated Shari’ah compliant Sukuk

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 19 Sha’ban 1445H (corresponding to 29 February 2024G) regarding the commencement of offering of USD denominated Shari’ah compliant Sukuk. The Company is pleased to announce that it has completed the offering of such issuance and the settlement of the sukuk will take place on 25 Sha’ban 1445H (corresponding to 6 March 2024G). The Company expects the issuance to be credit neutral and the proceeds from the issuance shall be used to refinance the Company’s 2019 Sukuk which are due to mature in November 2024.

Offer Type

International USD denominated Shari’ah compliant Sukuk

Value of the offer

USD 500,000,000

Total number of (Bonds/Sukuk)

2,500 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