Cenomi Centers issues USD-denominated sukuk

Logo of Arabian Centres Co. (Cenomi Centers)

Arabian Centres Co. (Cenomi Centers) announced the start of USD-denominated Shariah compliant sukuk issue, according to a Tadawul statement.

The issue value will be determined pending the market conditions.

Issue Details
Type of Issue	International USD-denominated Shariah-compliant sukuk
Offering Value	The issuance amount will be determined subject to market conditions
Offering Start Date	Feb. 29, 2024
Offering End Date	March 1, 2024
Target Investors	Institutional investors (qualified investors in the countries where the offering will be made in accordance with the rules and regulations )
Issuance Manager	Goldman Sachs International and HSBC Bank plc as joint global coordinators. ANB Capital, Dubai Islamic Bank, Emirates NBD Capital, GFH Financial Group, Goldman Sachs International, HSBC Bank, J.P.Morgan Securities, Kamco Investment Company, Mashreq (acting through its Islamic banking division), Sharjah Islamic Bank and Warba Bank as joint lead managers and book-runners on the transaction.
Minimum Subscription Limit	$200,000 and integral multiples of $1,000
Offer Price	The offer price will be determined subject to market conditions
Par Value	The par value will be determined subject to market conditions
Instrument Yield	The yield will be determined subject to market conditions
Maturity Period	5 years, subject to market conditions
Terms of Redemption	The sukuk may be redeemed prior to the scheduled liquidation date in certain cases as detailed in the offering prospectus, dated March 4, 2024

The application was submitted to the International Stock Exchange Authority Ltd for the listing of the sukuk on the International Stock Exchange. The sukuk may be sold as per the Regulation S under the US Securities Act of 1933.

Any potential sukuk issue is subject to market conditions and the approval of official authorities.

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 development in due course.

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