Further to the announcement published on Tadawul dated March 4th 2013 with respect to its Sukuk program, Almarai Company is pleased to announce that it has successfully raised the remaining amount of SAR 1.3 billion Sukuk on March 31st 2103 under the Sukuk Programme established by Almarai in 2012 for SAR 2.3 billion, of which SAR 1.0 billion was issued in March 2012.
The total order book reached SAR 2.4 billion, i.e. 1.9 times the issuance size. The current issue was made on a floating rate basis (seven and five years), and was a private offering to sophisticated investors resident in the Kingdom of Saudi Arabia.
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