Arabian Aramco Total announces the result of sukuk holders meeting

Arabian Aramco Total Services Co. has announced the results of the sukuk holders meeting, which was held on Thursday, October 31, 2019, the company said in a bourse statement.

The attending sukuk holders have approved the following:

-The issuer, the sukuk holders’ agent, and the issuer security agents are to sign a sanctions agreement, with any such other changes as may be required provided that such changes are not materially prejudicial to the interests of the holders.

- The issuer, the sukuk holders’ agent and the intercreditor agent are to sign a bank account amendment agreement letter, with any such other changes as may be required provided that such changes are not materially prejudicial to the interests of the holders.

- The issuer, the sukuk holders’ agent, the onshore issuer security agent and the intercreditor agent are to sign an amendment to the Forward Lease Agreement regarding the clause of "Early Lease Termination Date" (including agreeing to any other provisions and consequential amendments as may be required in relation thereto).

- The issuer, the sukuk holders’ agent, the onshore issuer security agent, the offshore issuer security agent, and the intercreditor agent are to sign an amendment to the Declaration of Agency regarding the terms and conditions of the sukuk (including agreeing to any other provisions and consequential amendments as may be required in relation thereto).