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Jabal Omar Development Co. — Capital/Financing Update 2022
Feb 6, 2022
53420_rns_2022-02-06_6e393ddf-32d4-48e9-b145-e8d3ec11c19f.html
Capital/Financing Update
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Jabal Omar Development Company announces the partial early redemption of sukuk
4250 · 06/02/2022 08:32:51 · Announcement #66568 · View on Saudi Exchange
Jabal Omar Development Company announces the partial early redemption of sukuk
| Element List | Explanation |
|---|---|
| Introduction | Jabal Omar Development Company announces the partial early redemption of sukuk amounting to USD 67,500,000 in aggregate face amount of its Certificates (out of total face amount of USD 135,000,000) that were issued on November 15, 2018 and its original maturity date is 15 November 2023. |
Accordingly, the redemption amount together with any periodic distribution amounts that would be due will be transferred to the Sukukholders' accounts based on their respective holdings. Offer Type Sukuk certificates Value of the redeemed (sukuk\ bonds) USD 67,500,000 Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) 50 % Number of redeemed (bonds/sukuk) 337.5 Suk Issuance Date 2018-11-15 Corresponding to 1440-03-07 Trading End Date 2023-11-15 Sukuk Par Value at Redemption Date 200,000 USD Total issuance value after redemption USD 67,500,000 Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts 2022-03-04 Corresponding to 1443-08-01 Name of the Entity Responsible for the Deposit and Contact Details The Paying Agent
HSBC Bank plc
8 Canada Square
London E14 5HQ
United Kingdom
Fax Number: +44 845 587 0429
Email: [email protected]; [email protected]
Attention: The Senior Manager, CT Client Services, Corporate Trust & Loan Agency Additional Information This step forms part of the company’s turnaround plan that aimed at improving the company’s funding structure and reducing its financial obligations and financing costs.
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.