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Arabian Centres starts issuing USD-denominated Sukuk

Arabian Centres starts issuing USD-denominated Sukuk
Arabian Centres will later announce the size and value of the Sukuk
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Riyadh – Mubasher: Arabian Centres Company has commenced issuing Shariah-compliant Sukuk in USD, according to a bourse disclosure on Tuesday.

The USD-denominated Sukuk will be part of outstanding notes worth $650 million that were issued on 7 April 2021 and are due in 2026.

Arabian Centres will later announce the size and value of the Sukuk.

The listed firm appointed Goldman Sachs International and HSBC as joint global coordinators and joint bookrunners for the transaction.

The company first unveiled its intention to issue USD-denominated Sukuk last March.