Cenomi Centers releases prospectus for SAR 4.5B sukuk issue

Sukuk Issue Highlights

Issuer

Arabian Centres Co. (Cenomi Centers)

Sukuk's Total Nominal Value

Not exceeding SAR 4.5 billion

Sukuk Par Value

SAR 1,000 per sukuk

Target Participants

Eligible natural persons and legal persons in the Kingdom and shall not be offered or sold to retail clients outside of the Kingdom

Offer period

To be announced later

Issue price

Sukuk may only be issued on a fully paid basis and at an issue price which is at par.

Specified Denominations

The Sukuk will be issued in denominations of SAR 1,000 per Sak.

Use of Proceeds

The proceeds of the issuance of each tranche will be used to enter into the Mudaraba and into Murabaha Transactions in accordance with the terms of the Conditions and the Sukuk Documents. The amounts so received by the Issuer will be used by it for its general Shariah compliant corporate purposes.

Dates Related to Issue

To be announced later

Periodic Distributions

Sukukholders are entitled to receive periodic distribution amounts calculated on the basis specified in the Applicable Final Terms. The Applicable Final Terms will specify whether the periodic distribution amounts are determined on the basis of a fixed or floating profit rate.

Financial Advisor, Arranger & Dealer

Al Rajhi Capital

Receiving Banks

Derayah Financial, Riyad Capital, SNB Capital, ANB Capital, BSF Capital, Al Rajhi Capital, Albilad Capital, AlJazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Alinma Capital, Alistithmar Capital, Sukuk Capital, Mushrakah Capital.