Saudi Arabian Oil Company (Saudi Aramco) announces its intention to issue international trust certificates pursuant to its Trust Certificate Issuance Programme

07 June 2021 08:16 AM

SAUDI ARAMCO 2222 -2.50% 31.25 -0.80

Element List	Explanation
Introduction	Saudi Arabian Oil Company (Saudi Aramco) announces its intention to issue Shari’a compliant international trust certificates pursuant to its Trust Certificate Issuance Programme
Offer Type	The trust certificates will constitute Shari’a compliant, U.S.$ denominated, direct, unsecured and limited recourse obligations
Date of the board’s decision	2016-04-21 Corresponding to 1437-07-14
Value of the offer	Amount is subject to market conditions
The Purpose of the offer	The net proceeds from each issue of trust certificates will be used by Saudi Aramco for general corporate purposes or for any other purpose specified in the Final Terms for a series of trust certificates
Approvals	Trust certificates issuance will be subject to the approval of the official authorities. In addition, it will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933, as amended. The stabilisation rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance. Application will be made for the trust certificates to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such trust certificates to be admitted to trading on the London Stock Exchange’s main market.
Additional Information	Saudi Aramco has mandated Alinma Invest, Al Rajhi Capital, BNP Paribas, Citi, First Abu Dhabi Bank, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, NCB Capital, Riyad Capital, SMBC Nikko and Standard Chartered Bank as Active Joint Bookrunners to organize a series of fixed income investor meetings commencing 26/10/1442H (corresponding to 7 June 2021G). The offering of the trust certificates will be limited to qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions.

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