Almarai Company Announces the Redemption of its SAR 787 Million Sukuk – Series II
| Element List | Explanation |
|---|---|
| Introduction | Almarai Company (“the Company”) is pleased to announce that it has completely redeemed its SAR 787 million Sukuk – Series II on 31st March 2020. |
| Issuance Type | Sukuk – Series II |
| Amount of redeemed (bonds/sukuk) | 787 million |
| Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) | 100 % |
| Number of redeemed (bonds/sukuk) | 787 |
| Issuance Date | 2013-03-31 Corresponding to 1434-05-19 |
| Trading End Date | 31st March 2020 |
| Sukuk Par Value at Redemption Date | SAR 1,000,000 |
| Total issuance value after redemption | SAR 787 million |
| Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts | 2020-03-31 Corresponding to 1441-08-07 |
| Name of the Entity Responsible for the Deposit and Contact Details | (HSBC Saudi Arabia Ltd) and for any questions or clarification, investors can reach the Agent at (+966112992095) |
| Additional Information | The financial impact of this transaction will appear in the financial results of the first quarter 2020.
The Company would like to thank its investor base, specifically all the Sukuk holders who participated in this series, for repeatedly placing their trust in the Company, its board and its management. |
Comments