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Arabian Centres Co. announces the completion of issuing International USD denominated Sukuk

CENOMI CENTERS 4321 0.40% 20.14 0.08
Element List Explanation
Issuance Type International USD denominated Sukuk
Introduction Reference is made to the announcement from Arabian Centers Company (“Company”) published on the Saudi Stock Exchange’s (Tadawul) website on 13/3/1441H (corresponding to 10/11/2019G) relating to the commencement of international roadshow meetings with investors in respect of the issuance of USD denominated Shari'ah compliant Sukuk. The Company would like to announce that it has completed the offering of such issuance and the settlement of the sukuk will take place on 29/3/1441H (corresponding to 26/11/2019G).
Issuance Type International USD denominated Sukuk
Issuance Amount USD 500,000,000
Total number of (Bonds/Sukuk) 2,500
Par Value (Bonds/Sukuk) USD 200,000
Return (Bonds/Sukuk) 5.375%
Maturity (Bonds/Sukuk) 5 years
Terms of Redemption Sukuk Certificates may be subject to early redemption at the option of the Company upon the occurrence of a tax event. Sukuk Certificates may also be redeemed early upon the occurrence of a total loss event, an asset disposition event or a dissolution event. A change of control put option and a Company call option also apply to the Sukuk Certificates.
Additional Information Application has been made to The International Stock Exchange Authority Limited (the "Authority") for the listing of and permission to deal in the Sukuk Certificates on the Official List of The International Stock Exchange. Sukuk Certificates may be sold in reliance on Regulation S or Rule 144A under the U.S. Securities Act of 1933, as amended. The Company will continue to complete all the necessary procedures to settle the issuance of the Sukuk and allocate such Sukuk to the investors.

The Sukuk Certificates have been assigned a rating of Ba2 by Moody’s and are expected to be assigned a rating of BB+ by Fitch.

This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. The Company will announce any other relevant material development to its shareholders in due course.

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