Saudi Telecom Co. — Capital/Financing Update 2014

May 21, 2014

Saudi Telecom Company announces the establishment of a Saudi Riyal denominated Sukuk issuance programme.

7010 · 21/05/2014 08:48:15 · Announcement #34671 · View on Saudi Exchange

Saudi Telecom Company announces the establishment of a Saudi Riyal denominated Sukuk issuance programme.

Saudi Telecom Company announces the establishment of a Saudi Riyal denominated sukuk issuance programme, being a framework for the issuance of sukuk from time to time upto a limit of SAR 5 billion by way of local private placement in accordance with the Offers of Securities Regulations issued by the Capital Market Authority. The base prospectus in respect of the proposed sukuk programme has been submitted to the Capital Markets Authority in accordance with the Offers of Securities Regulations. The company wants to draw the attention that this announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities.

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.