SABIC ANNOUNCES ITS INTENTION TO PURCHASE THE ASSETS OF ITS SECOND SUKUK AMOUNTING SAR 8 BILLION

13/06/2012 Argaam

Saudi Basic Industries Corporation (SABIC) announces its intention to purchase the assets of its second Sukuk amounting to SAR 8 billion which was issued in July 2007, in accordance with the terms and conditions of the Sukuk. As a result of this, trading of the Sukuk will cease on 16th June 2012 and the amounts due to the Sukukholders will be deposited to the Sukukholders accounts on 15th July 2012 from the companys available cash. Subsequently the Sukuk will be delisted and cancelled

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