Almarai Co. — Capital/Financing Update 2012

Nov 5, 2012

Almarai announce the issuance local Sukuk

2280 · 05/11/2012 08:43:47 · Announcement #27590 · View on Saudi Exchange

Almarai announce the issuance local Sukuk

Further to the announcement published in Tadawul on May 29th 2012, related to the 2013-2017 Almarai Capital Investment Program of SAR 15.7 billion, Almarai is pleased to announce to its shareholders its plan to issue a local SAR-denominated Sukuk to help finance its investment program.

This issuance, which is planned to take place within the next few months subject to market conditions, will be the second tranche of the Sukuk Programme fully compatible with Islamic Shariah approved by the EGA meeting held on November 19th 2011 for a total amount of SAR 2.3 billion. The first tranche of this program was successfully completed on March 7th 2012 for an 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, and we will informed our shareholders of any developments in this matter.

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.