Cenomi Centers launches USD-denominated sukuk issue

Arabian Centres sukuk offering starts Nov. 24 and ends Nov. 25.

Arabian Centres Co. (Cenomi Centers) announced the launch of USD-denominated Shariah-compliant sukuk, according to a statement to Tadawul.

 

The offering starts today, Nov. 24, and ends tomorrow, Nov. 25.

 

Issuance Details

Type

International USD denominated Shariah-compliant sukuk by Arabian Centres Sukuk IV Limited

Offering Amount

Will be determined later based on market conditions

Start Date

Nov. 24, 2025

End Date

Nov. 25, 2025

Target Investors

Institutional investors (qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions)

Issuance Manager

Abu Dhabi Commercial Bank, Citigroup, Emirates NBD Capital, Goldman Sachs International and Mashreqbank (through its Islamic banking division) as joint global coordinators and joint bookrunners. Arqaam Capital, Dubai Islamic Bank, First Abu Dhabi Bank, J.P. Morgan Securities, National Bank of Ras Al-Khaimah, and Sharjah Islamic Bank as joint lead managers and joint bookrunners on the transaction

Minimum Subscription Value

$200,000 with integral multiples of $1,000

Offering price

Subject to market conditions

Nominal Value

Subject to market conditions

Return

Subject to market conditions

Maturity

5 years, subject to market conditions

Terms of Redemption

The sukuk may be redeemed prior to the scheduled dissolution date in certain cases as detailed in the offering circular dated on or around Nov. 18, 2025

 

An application has been submitted to The International Stock Exchange Authority Limited for the listing of and permission to deal in the sukuk certificates on the Official List of The International Stock Exchange. Sukuk certificates may be sold in reliance on Regulation S under the U.S. Securities Act of 1933, as amended, the statement added.

 

Any potential sukuk issuance is subject to market conditions and the approval of official authorities.

 

Meanwhile, the company noted that this announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. It will announce any other relevant material development to its shareholders in due course.

 

The offering end date referred to above is the expected date of the end of the offering, subject to market conditions, Cenomi Centers said.

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