Arabian Aramco Total Services to fully redeem sukuk due in 2025

Arabian Aramco Total Services to fully redeem sukuk due in 2025

Arabian Aramco Total Services Co. (SATORP) will fully redeem its Saudi riyal denominated sukuk, due in 2025, next month.

The sukuk, with a par value of 38,880 riyals ($10,368), has a total value of SAR 1.46 billion, the company said in a regulatory filing on Riyadh's Tadawul exchange on Thursday.

The financial impact of this transaction will appear in SATROP's financials in Q2, 2023, the company said.

(Writing by Brinda Darasha; editing by Seban Scaria)

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