Arabian Aramco Total redeems SAR 103 mln sukuk

Arabian Aramco Total Services Co. (AATSC) has partially redeemed SAR 103.1 million worth of sukuk, the company said in a statement on Sunday.

The payment accounts for 2.75 percent of the aggregate nominal value of the sukuk payment, which is due every six months.

The par value of each AATSC certificate stands at SAR 87.570, totaling SAR 3.2 billion following the redemption, the company said.

In September 2011, the company launched its public offering of sukuk certificates.