Cenomi Centers headquarters
Arabian Centres Co. (Cenomi Centers) completed the issuance of additional USD-denominated sukuk at $100 million, as part of the outstanding $500 million sukuk issued on March 6, 2024, and due in 2029, according to a statement to Tadawul.
The sukuk issuance will be settled on March 18, 2024.
|
Issue Details |
|
|
Item |
Explanation |
|
Issuance Type |
International USD-denominated Shariah-compliant sukuk |
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Value |
$100 mln |
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Total Number of Sukuk |
500 |
|
Par Value |
$200,000 |
|
Return |
9.5% |
|
Maturity |
5 years |
|
Terms of Redemption |
Sukuk can be redeemed in certain cases as detailed in the prospectus dated March 4 |
The sukuk issue request was submitted to the International Stock Exchange Authority Limited and the sukuk can be issued in accordance to Regulation S under the US Securities Act of 1933, as amended.
The company will continue finalizing all the necessary related procedures.
Cenomi Centers recently announced the completion of USD-denominated Shariah-compliant sukuk issue at $500 million, in preparation for the settlement of the sukuk scheduled for March 6, 2024, Argaam reported.
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