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Saudi Telecom Company announces the beginning of its meetings for the purpose of a potential offering of the first series under its sukuk issuance programme
2014-05-25 (1435-07-26 )      08:16:29
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In reference to Saudi Telecom Company announcement on 21/5/2014G of the establishment of a Saudi Riyal denominated sukuk issuance programme being a framework for the issuance of sukuk from time to time up to 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 Company announces that it has begun meetings with potential qualified investors regarding the offer of the first sukuk series under the aforementioned programme. The number and value of the sukuk to be offered will be determined based on market conditions. The company has appointed Standard Chartered Capital Saudi Arabian NCB Capital and JP Morgan Saudi Arabia Ltd as managers in respect of the potential offer. The Company notes that any potential offer of sukuk will be subject to the Offers of Securities Regulation issued by the Capital Market Authority and will only be made in accordance therewith. The Company will announce any material developments in relation to this matter in due course. The Company draws attention that this announcement does not constitute an invitation or offer to purchase acquire or subscribe to any securities.

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