AI Summary
Almarai expects to settle sukuk on Sept. 24
Almarai Co. completed the issuance of US dollar-denominated additional Tier 1 sukuk worth $500 million, under its $2 billion Trust Certificate Issuance Program, according to a statement to Tadawul.
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The offering is expected to be settled on Sept. 24.
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Details |
|
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Offer Type |
USD-denominated AT1 sukuk |
|
Offer Value |
$500 mln |
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Total No. of Sukuk/Bonds |
2,500 |
|
Nominal Value |
$200,000 |
|
Return |
4.45% annually, payable semiannually starting from the settlement date set for Sept. 24. |
|
Maturity |
5 years |
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Terms of Redemption |
May be redeemed prior to maturity under certain conditions, as detailed in the base prospectus dated Sept. 15, 2025, regarding accompanying pricing supplement. |
The sukuk will be listed on Ireland's Euronext Dublin. They may only be sold in reliance on Regulation S under the amended Securities Act of 1933.
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