Cenomi Centers completes offering of USD 100 mln Shari’ah compliant sukuk

The Arabian Centres Company (“Cenomi Centers” or “the Company”) announced on Tuesday that it has completed a private placement issuance of an additional USD 100,000,000 Sukuk, which shall be consolidated and will form part of the same currently outstanding USD 500,000,000 Sukuk due 2029 and issued on 6 March 2024.

The total number of Bonds/Sukuk reached 500, with a return of 9.5%, and their nominal value amounted to 200 US dollars.

The instrument’s maturity period will be 5 years, and the Sukuk may be redeemed prior to the scheduled dissolution date in certain cases, as detailed in the offering circular dated on or around 4 March 2024G in relation to the Sukuk.

The Company said that it has applied to The International Stock Exchange Authority Limited (the “Authority”) for the listing of and permission to deal in 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 Company will continue to complete all the necessary procedures to settle the issuance of the Sukuk and allocate such Sukuk to the investors.