Najran Cement Co. — Capital/Financing Update 2020

Jun 14, 2020

Najran Cement Company announces full and final redemption of its Sukuk amounting to SAR 355 million

3002 · 14/06/2020 09:52:50 · Announcement #59334 · View on Saudi Exchange

Najran Cement Company announces full and final redemption of its Sukuk amounting to SAR 355 million

Element List	Explanation
Introduction	Najran Cement Company is pleased to announce that on Thursday 11-06-2020G corresponding to 19-10-1441H the Company paid the full value of its existing Sukuk with total amount of 355,000,000 Saudi Riyals. The payment process was funded through a bank financing obtained by the Company and was announced on 08-06-2020G corresponding 16-10-1441H.

It should be noted that on 14-06-2015G, corresponding to 27-10-1436H, the Company had issued a Sharia compliant local Sukuk in Saudi riyals with a total amount of SAR 400,000,000 and it was offered by way of a private placement at nominal value and was due on 11-06-2020G. On 12-12-2019G, corresponding to 15-04-1441H, the Company made partial buyback and cancellation of the Sukuk with a total value of SAR 45,000,000, representing 11.25% of the total issuance value and was funded at that time using Company's own resources. Issuance Type Sukuk in Saudi Riyals Amount of redeemed (bonds/sukuk) SAR 355,000,000 Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) 88.75 % Number of redeemed (bonds/sukuk) 355 Issuance Date 2015-06-14 Corresponding to 1436-08-27 Trading End Date 11 June 2020 Sukuk Par Value at Redemption Date SAR 1,000,000 Total issuance value after redemption SAR - Zero Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts 2020-06-11 Corresponding to 1441-10-19 Name of the Entity Responsible for the Deposit and Contact Details Saudi Fransi Capital Additional Information The financial impact of this process will appear in the financial statements of the Company for the second quarter of year 2020G

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.