Almarai Co. — Capital/Financing Update 2013

Mar 4, 2013

Almarai Company announces further development regarding the issuance Sukuk programme

2280 · 04/03/2013 08:32:28 · Announcement #29353 · View on Saudi Exchange

Almarai Company announces further development regarding the issuance Sukuk programme

Further to the announcement published in Tadawul on November 5th 2012, related to its desire to utilize the issuance of a local SAR-denominated Sukuk to help finance its 2013-2017 Capital Investment program of SASR 15.7 billion and pursuing to its strategy of funding diversification, Almarai company (Almarai) is pleased to announce to its shareholders its plan to issue its second tranche SAR-denominated Sukuk under its Sukuk Programme, totaling SAR 2.3 billion, fully compatible with Islamic Shariah, in line with the approval of the EGA meeting held on November 19th 2011.

As per the to the announcement published on Tadawul on March 11th 2012, the first tranche of this Sukuk programme had been successfully completed on March 7th 2012 for a total amount of SAR 1.0 billion.

This second tranche of Sukuk will be a private offering to sophisticated investors resident in the Kingdom of Saudi Arabia. Subject to market conditions, Almarai will hold several meeting during the next two weeks, with interested investors. Shareholders will be updated with any progress in this regard. Almarai has mandated NCB Capital to act as sole dealer for this second tranche of Sukuk.

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.