| Element List |
Explanation |
| Introduction |
Reference to the announcement from the Savola Group (the Company) published on the website of the Saudi Stock Exchange (Tadawul) on 4/9/1440H (corresponding to 9/5/2019) relating to the intention of the Company to establish a Sukuk Program (the “Sukuk Program”) and to offer the first issuance under such program in exchange for monetary consideration or in exchange of all or some of the Sukuk issued on 10/03/1434H (corresponding to 22/01/2013G) (the “Previous Sukuk”), as deemed appropriate by the Company, the Company would like to announce that the Sukuk Program has been established and that it will start offering the first sukuk issuance under the Sukuk Program. |
| Issuing type |
Sukuk denominated in Saudi Arabian Riyals offered by way of private placement. |
| Issuing Amount |
The exact value and final terms of the first issuance and the number and value of the Previous Sukuk that may be exchanged and the terms of such exchange, will be determined subject to the market conditions and the Company’s needs. |
| Issuing Start Date |
2019-06-19 Corresponding to 1440-10-16 |
| Issuing End Date |
2019-08-31 Corresponding to 1441-01-01 |
| Target group of issuance |
Sophisticated Investors. |
| Lead Manager |
HSBC Saudi Arabia |
| Minimal Subscription |
SAR 1,000,000 |
| Listing Price (Sukuk /Bonds) |
100% (at par) |
| Par Value |
SAR 1,000,000 |
| Return (Sukuk /Bonds) |
SAIBOR plus a Profit Spread |
| Maturity (Sukuk /Bonds) |
7 years |
| Terms of Redemption |
Subject to market conditions. |
| Additional Information |
It should be noted that the End of Offering Period might be earlier subject to market conditions. |
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