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AATSC announces Sukuk partial redemption

AATSC announces Sukuk partial redemption
The value of the scheduled semi-annual redemption was SAR 147 million

Riyadh – Mubasher: Arabian Aramco Total Services Company (AATSC) announced the partial redemption of Sukuk on Monday 23 December.

The scheduled semi-annual redemption was with a distribution amount of around SAR 147 million, represents 3.92% of the Sukuk original face value.

The transaction was carried out as per the redemption schedule of the prospectus that was approved by the Capital Market Authority (CMA), according to a statement to the Saudi Stock Exchange (Tadawul).

Subsequently, the face value of each certificate becomes SAR 67,460 with an outstanding Sukuk principal of SAR 2.53 billion.

AATSC recently revealed that it does not intend to fully redeem the Sukuk in December 2019.