SATORP to fully redeem SAR 1.46 bln sukuk due in 2025

18/05/2023 Argaam
One of SATORP's facilities

One of SATORP's facilities


Arabian Aramco Total Services Co. will fully redeem its sukuk due on Dec. 20, 2025, listed on the Saudi Exchange (Tadawul) under symbol code 5014. The SAR 1.46 billion worth of sukuk was issued by the company on Oct. 9, 2011.  

 

Sukuk Details

Issuance Type

SAR-denominated sukuk

Issuance Value

SAR 1.46 bln

Percentage of Redeemed Sukuk out of Total Issuance

100%

Number of Redeemed Sukuk

37,499

Issuance Date

Oct. 9, 2011

Trading End Date

June 15, 2023

Sukuk Par Value on Redemption Date

SAR 38,880

Total Issuance value after Redemption

Nil

Date of Depositing Amounts in Sukuk Holders’ Accounts

June 20, 2023

Depositing Entity

SNB Capital

 

The impact of this transaction will appear in Q2 2023 financial statements of the parent, Saudi Aramco Total Refining and Petrochemical Co. (SATORP), the company said in a statement to Tadawul.

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