Saudi Basic Industries Corp. — Capital/Financing Update 2011

Jun 13, 2011

SABIC Announces its intention to purchase the assets of its First Sukuk amounting SAR 3 billion

2010 · 13/06/2011 08:56:49 · Announcement #21988 · View on Saudi Exchange

SABIC Announces its intention to purchase the assets of its First Sukuk amounting SAR 3 billion

Saudi Basic Industries CorporationSaudi Basic Industries Corporation (SABIC) announces its intention to purchase the assets of its first Sukuk amounting to SAR 3 billion which was issued in July 2006, in accordance with the terms and conditions of the Sukuk. As a result of this, trading of the Sukuk will cease on 15th June 2011 and the amounts due to the Sukukholders will be deposited to the Sukukholders accounts on 16th July 2011 from the companys available cash. Subsequently the Sukuk will be delisted and cancelled

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