AI Summary
Cenomi Centers says the settlement of the sukuk will take place on Nov. 23, 2025
Arabian Centres Co. (Cenomi Centers) completed the issuance of SAR-denominated sukuk worth SAR 2.05 billion.
In a Tadawul filing today, Nov. 19, the company said the sukuk will be settled on Nov. 23.
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Offering Summary |
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Issue Type |
SAR-denominated sukuk issuance |
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Offer Value |
SAR 2.05 bln |
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Total Number of Sukuk |
2,050 |
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Par Value |
SAR 1,000 |
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Return |
8.5% fixed annual yield, paid quarterly |
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Maturity |
6 years from the settlement date, with issuer call option starting from the third anniversary of the issuance and on any periodic distribution date thereafter. |
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Maturity Date |
Nov. 23, 2031 |
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Redemption Terms |
Redeemable at maturity at 100% of the nominal value, subject to any early redemption as specified in the terms and conditions. |
After the completion of all regulatory procedures, the sukuk will be listed and traded on the Saudi Exchange (Tadawul), the date of which will be unveiled once determined.
Cenomi Centers noted that this announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the sukuk.
The company will announce any other relevant material developments in due course, as required by the relevant rules and regulations.
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