In reference to Saudi Telecom Company announcement on 21/5/2014G of the establishment of a Saudi Riyal denominated sukuk issuance programme being a framework for the issuance of sukuk from time to time up to a limit of SAR 5 billion by way of local private placement in accordance with the Offers of Securities Regulations issued by the Capital Market Authority the Company announces that it has begun meetings with potential qualified investors regarding the offer of the first sukuk series under the aforementioned programme. The number and value of the sukuk to be offered will be determined based on market conditions. The company has appointed Standard Chartered Capital Saudi Arabian NCB Capital and JP Morgan Saudi Arabia Ltd as managers in respect of the potential offer. The Company notes that any potential offer of sukuk will be subject to the Offers of Securities Regulation issued by the Capital Market Authority and will only be made in accordance therewith. The Company will announce any material developments in relation to this matter in due course. The Company draws attention that this announcement does not constitute an invitation or offer to purchase acquire or subscribe to any securities.
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.