Cenomi Centers Successfully Concludes Offering of USD-Denominated Shari’ah-Compliant Sukuk

Following the announcement made by Arabian Centres Company (“Cenomi Centers” or “the Company”) on Tadawul on 19 Sha’ban 1445H (corresponding to 29 February 2024G) regarding the commencement of the offering of USD-denominated Shari’ah-compliant Sukuk, the Company is delighted to confirm the completion of the issuance. Settlement of the Sukuk will occur on 25 Sha’ban 1445H (corresponding to 6 March 2024G).

The Company anticipates this issuance to have a neutral impact on credit and intends to utilize the proceeds to refinance its 2019 Sukuk, scheduled to mature in November 2024.

Offer Details:

Offer Type: International USD-denominated Shari’ah-compliant Sukuk

Offer Value: USD 500,000,000

Total Number of Sukuk: 2,500 Sak

Par Value: USD 200,000

Return: 9.5%

Maturity: 5 years

Terms of Redemption:

The Sukuk may be redeemed prior to the scheduled dissolution date under certain circumstances, as outlined in the offering circular dated around 4 March 2024G relating to the Sukuk.

Additional Information:

Application has been submitted to The International Stock Exchange Authority Limited (the “Authority”) for the listing and permission to deal in the Sukuk Certificates on the Official List of The International Stock Exchange. Sukuk Certificates may be sold under Regulation S of the U.S. Securities Act of 1933, as amended. The Company is in the process of completing all necessary procedures to settle the issuance of the Sukuk and allocate them to investors.