Almarai fully redeems $500M Series-1 sukuk

06/03/2024 Argaam

Almarai fully redeems $500M Series-1 sukuk

Almarai Co. headquarters


Almarai Co. announced the full redemption of the $500 million RegS Sukuk-Series 1, which was due on March 5, 2024.

 

In a statement to Tadawul, the company said that it redeemed the total number of sukuk, which stands at 2,500, expecting the financial impact to reflect in Q1 2024 financials.

 

The following table shows the details of the redeemed sukuk:

 

Details of Redeemed Sukuk

Item

Details

Issue Type

RegS Sukuk-Series 1

Redeemed Sukuk Value

$500 mln

Redeemed Percentage (%)

 100%

Number of Redeemed Sukuk

2,500

Par Value at Redemption

$200,000

Issue Date

March 5, 2019

Trading End Date

March 5, 2024

Entity Responsible for Deposit

HSBC

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