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Almarai Co. — Capital/Financing Update 2012
Mar 12, 2012
53318_rns_2012-03-12_4ff5688a-2929-4aa7-8d93-ba8fb2d83c5c.html
Capital/Financing Update
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Addendum to announcement from Almarai Company related to the completion of its first Sukuk issuance
2280 · 12/03/2012 15:38:44 · Announcement #24585 · View on Saudi Exchange
Addendum to announcement from Almarai Company related to the completion of its first Sukuk issuance
Further to the announcement published on Tadawul on 11th 2012 with respect successfully completed the first Sukuk issuance for an amount of SAR 1 Billion on 7th March 2012. The total order book reached more than SAR 4.7 Billion, i.e. 4.7 times the issuance size. The Sukuk are private offering to sophisticated investors resident in the Kingdom of Saudi Arabia. Almarai would like to clarify the Sukuk are 7 years floating rate.
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.