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Arabian Aramco Total Services partially redeems sukuk

Arabian Aramco Total Services partially redeems sukuk
A sum of SAR 138.7 million was distributed

Riyadh - Mubasher: Arabian Aramco Total Services Company (AATSC), a subsidiary of Saudi Aramco Total Refining and Petrochemical Company (SATORP), on Monday announced the partial redemption of its semi-annually scheduled Sukuk.

A sum of SAR 138.7 million that represents 3.7% of the total nominal value of the company’s Sukuk was distributed, according to the redemption schedule of the Sukuk prospectus issued on 10 September 2011 and approved by the Capital Market Authority (CMA).

Accordingly, the nominal value for each Sukuk will be SAR 63,760 and the total issue value will total SAR 2.39 billion.