ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE REDEMPTION OF ITS ENTIRE ISSUED SUKUK AMOUNTING TO SAR 1 BILLION
|Introduction||Advanced Petrochemical Company (“the Company”) is pleased to announce that it has completely redeemed its SR 1 billion Sukuk on November 17, 2019.|
|Issuance Type||Saudi Riyal Sukuk|
|Amount of redeemed (bonds/sukuk)||SR 1 Billion|
|Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk)||100 %|
|Number of redeemed (bonds/sukuk)||1,000|
|Issuance Date||2014-11-17 Corresponding to 1436-01-24|
|Trading End Date||2019-11-17 corresponding to 20-03-1441|
|Sukuk Par Value at Redemption Date||SR 1,000,000|
|Total issuance value after redemption||SR Nil|
|Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts||2019-11-17 Corresponding to 1441-03-20|
|Name of the Entity Responsible for the Deposit and Contact Details||HSBC Saudi Arabia (Paying Agent & Sukukholders’ Agent), Agent can be reached at (920022688)|
|Additional Information||The financial impact of this transaction will appear in the results of Q4 2019. |
The Company would like to thank its investor base, specifically all the Sukukholders who participated in this debutant Sukuk issuance, for placing their trust in the Company, its board and its executive management.
The Capital Market Authority and the Saudi Stock 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.