Middle East Healthcare Co. (Saudi German Health) Announces the Completion of Issuing Sukuk Denominated in SAR.

Middle East Healthcare Co. (Saudi German Health) Announces the Completion of Issuing Sukuk Denominated in SAR.

26 February 2024 09:22 AM

Element List

Explanation

Offer Type

Sukuk denominated in SAR.

Introduction

With reference to the announcement made by the Middle East Healthcare Company (the “Company”) published on the website of the Saudi Stock Exchange (Tadawul) on 02/08/1445H (corresponding to 12/02/2024G) relating to the commencement of the Company’s offer and subscription in its Sukuk denominated in SAR (the “Sukuk”) by way of a public offer, the Company announces that it has completed the offer and subscription of the Sukuk.

Offer Type

Sukuk denominated in SAR.

Value of the offer

SAR 1,000,000,000

Total number of (Bonds/Sukuk)

1,000,000 Sak.

Par Value (Bonds/Sukuk)

SAR 1,000 per Sak.

Return (Bonds/Sukuk)

7.20% per annum fixed rate payable quarterly.

Maturity (Bonds/Sukuk)

5 years.

Terms of Redemption

The Company may redeem the Sukuk, in certain events, before the expiry date as detailed in the Base Prospectus and the applicable final terms.

Additional Information

Investors can review the applicable final terms for this series of Sukuk to be published on Al Rajhi Capital Company’s website (in its capacity as lead manager) on 6 March