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Arabian Aramco Total Services approves SATORP’s refinance deal

Arabian Aramco Total Services approves SATORP’s refinance deal
Saudi Stock Exchange (Tadawul)

Riyadh – Mubasher: Arabian Aramco Total Services Company has approved the announcement of Saudi Aramco Total Refining and Petrochemical Company (SATORP) regarding the refinancing of approximately $2.2 billion.

Arabian Aramco Total Services further announced that in relation to the certificates (Sukuk) issued by it and listed on the Saudi Stock Exchange (Tadawul) in the value of SAR 3,75 billion, it does not intend to fully redeem the Sukuk in December 2019

It will continue with the partial redemption of Sukuk as per the redemption schedule that was approved by the Capital Market Authority (CMA).