| Element List | Explanation |
|---|---|
| Introduction | With reference to the Arabian Centres Company (“Cenomi Centers” or “the Company”) announcement published on Tadawul on 17 Sha’ban 1445H (corresponding to 27 February 2024G) regarding its intention to issue USD denominated Shari’ah compliant Sukuk, the Company announces the commencement of offering of USD denominated Shari’ah compliant Sukuk |
| Offer Type | International USD denominated Shari’ah compliant Sukuk |
| Value of the offer | The issuance amount will be determined subject to market conditions. |
| Offering start Date | 2024-02-29 Corresponding to 1445-08-19 |
| Offering end Date | 2024-03-01 Corresponding to 1445-08-20 |
| The targeted class of the issuance | Institutional investors (qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions) |
| Name of Issuance Manager | The Company has mandated Goldman Sachs International and HSBC Bank plc as Joint Global Coordinators. anb capital, Dubai Islamic Bank P.J.S.C., Emirates NBD Capital, GFH Financial Group B.S.C., Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities plc, Kamco Investment Company K.S.C.P., Mashreqbank psc (acting through its Islamic Banking Division), Sharjah Islamic Bank P.J.S.C. and Warba Bank K.S.C.P. have been appointed as Joint Lead Managers and Bookrunners on the transaction. |
| Minimum Subscription | U.S $200,000 and integral multiples of U.S.$1,000 in excess thereof. |
| Offer Price (Sukuk /Bonds) | The offer price will be determined subject to market conditions |
| Par Value | The par value will be determined subject to market conditions |
| Return (Sukuk /Bonds) | The return will be determined subject to market conditions |
| Maturity (Sukuk /Bonds) | 5 years, subject to market conditions. |
| Terms of Redemption | 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. |
| Additional Information | Application has been made to The International Stock Exchange Authority Limited (the "Authority") for the listing of and permission to deal in the 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. |
Any potential Sukuk issuance is subject to market conditions and the approval of official authorities.
This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. The Company will announce any other relevant material development to its shareholders in due course.
Note that the Offering end date referred to above is the expected date of the end of the Offering, subject to market conditions.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.