Arabian Centres Co. — Capital/Financing Update 2021

Mar 24, 2021

Arabian Centres Co. announces intention to issue USD denominated Shar’iah compliant Sukuk.

4321 · 24/03/2021 08:13:52 · Announcement #62382 · View on Saudi Exchange

Arabian Centres Co. announces intention to issue USD denominated Shar’iah compliant Sukuk.

Element List	Explanation
Introduction	Arabian Centres Company (“Company”) announces its intention to issue USD denominated Shar’iah compliant Sukuk.
Offer Type	USD denominated Shar’iah compliant Sukuk.
Date of the board’s decision	2021-03-23 Corresponding to 1442-08-10
Value of the offer	The number and value of any Sukuk to be offered will be determined based on market conditions and the Company’s financial condition, funding requirement and strategy.
The Purpose of the offer	General corporate purposes and to fulfill the Company’s financial and strategic objectives.
Approvals	The Sukuk offering will be subject to the approval of the relevant regulatory authorities. The offering will be made in accordance with all applicable laws and regulations.
Additional Information	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 developments to its shareholders in due course. It should also be noted that any offering of Sukuk will be limited to qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions.

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.