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Almarai fully redeems SAR 787m second Sukuk issuance

Almarai fully redeems SAR 787m second Sukuk issuance
The redeemed Sukuk represents 100% of the total issued Sukuk
ALMARAI
2280
2.75% 50.40 1.35

Riyadh – Mubasher: Almarai Company fully redeemed the second Sukuk issuance at a total value of SAR 787 million on 31 March, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Wednesday.

The redeemed Sukuk represents 100% of the total issued Sukuk, and the Sukuk par value at the redemption date amounts to SAR 1 milllion.

The financial impact of the redemption will be reflected in the financial results for the first quarter of 2020.

It is noteworthy to mention that in 2019, the company's net profits after zakat and tax decreased by 9.95% to SAR 1.811 billion, compared with SAR 2.012 billion in 2018.