Jabal Omar pays last batch of sukuks with a nominal value of USD135 mln

Jabal Omar Development Company announced on Sunday the redemption of the second and final batch of Sukuk certificates with a nominal value of $135 million.

The company said today on Tadawul that the value of the (sukuks/bonds) redeemed was $67.5 million, with a recovery rate of the total issue of 50%, while the total number of (sukuks/bonds) recovered reached 337.5 bonds, with the nominal value of the instrument upon redemption. $200,000, and the total issue value after redemption is zero. The company Explained that the date of depositing the amounts into the accounts of holders of (sukuk/bonds) is Friday, November 24.