Further to the previous announcements by Saudi Cable Company on Tadawul, notably on 2015/6/30, 2015/10/08 and 2015/11/30 regarding the term sheet signed by the Company with its lenders, the Company would like to state that it has had to delay the signing of the legal documents, as one bank has requested certain changes in the legal wording to conform with provisions in their chosen banking convention. It should be noted that the commercial terms and conditions remain the same as stated in the signed term sheet. The company also wishes to announce that it has appointed Bank Al Jazira to act as the agency bank for all roles as required by the restructuring documents. The company expects that the revision of the documentation will be completed by January 31 2016.
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