- Search
- Riyadh26 ° C
Cenomi Centers releases prospectus for SAR 4.5B sukuk issue
Arabian Centres Co. (Cenomi Centers) issued today, Oct. 9, the prospectus for the issuance of sukuk worth SAR 4.5 billion.
The company said, in a Tadawul statement, that under its sukuk program, it may issue sukuk from time to time, while complying with all applicable laws and regulations.
The maximum nominal value of all existing sukuk from time to time shall not exceed SAR 4.5 billion, it added.
The Capital Market Authority (CMA) approved, on Sept. 16, the company’s request to register and publicly offer debt instruments under an issuance program worth up to SAR 4.5 billion.
| Sukuk Issue Highlights | |
| Issuer | Arabian Centres Co. (Cenomi Centers) |
| Sukuk's Total Nominal Value | Not exceeding SAR 4.5 billion |
| Sukuk Par Value | SAR 1,000 per sukuk |
| Target Participants | Eligible natural persons and legal persons in the Kingdom and shall not be offered or sold to retail clients outside of the Kingdom |
| Offer period | To be announced later |
| Issue price | Sukuk may only be issued on a fully paid basis and at an issue price which is at par. |
| Specified Denominations | The Sukuk will be issued in denominations of SAR 1,000 per Sak. |
| Use of Proceeds | The proceeds of the issuance of each tranche will be used to enter into the Mudaraba and into Murabaha Transactions in accordance with the terms of the Conditions and the Sukuk Documents. The amounts so received by the Issuer will be used by it for its general Shariah compliant corporate purposes. |
| Dates Related to Issue | To be announced later |
| Periodic Distributions | Sukukholders are entitled to receive periodic distribution amounts calculated on the basis specified in the Applicable Final Terms. The Applicable Final Terms will specify whether the periodic distribution amounts are determined on the basis of a fixed or floating profit rate. |
| Financial Advisor, Arranger & Dealer | Al Rajhi Capital |
| Receiving Banks | Derayah Financial, Riyad Capital, SNB Capital, ANB Capital, BSF Capital, Al Rajhi Capital, Albilad Capital, AlJazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Alinma Capital, Alistithmar Capital, Sukuk Capital, Mushrakah Capital. |
Share:
ADD TO EYE OF Riyadh
RELATED NEWS
MOST POPULAR
SABIC to commence production at Fujian project in H2 2026: CEO
Tuesday 2 December, 2025 8:14
Dubai real estate’s record run continues as 2025 property sales climb to AED624.1 billion
Wednesday 3 December, 2025 11:48
Experience Dubai at its best: the Dubai Shopping Festival returns for 38 days of celebration
Tuesday 2 December, 2025 1:19
Black Hat MEA Surges Through Day Two as the World’s Largest Capture the Flag Competition Takes Centre Stage
Wednesday 3 December, 2025 8:36
About Eye of Riyadh
×