SABIC ANNOUNCES ITS INTENTION TO PURCHASE THE ASSETS OF ITS THIRD SUKUK AMOUNTING SAR 5 BILLION

13/04/2013 Tadawul

Saudi Basic Industries Corporation (SABIC) announces its intention to purchase the assets of its third Sukuk amounting to SAR 5 Billion which was issued in May 2008, in accordance with the terms and conditions of the Sukuk.

As a result of this, trading of the Sukuk will cease on 15th April 2013 and the amounts due to the Sukuk holders will be deposited to the Sukuk holders accounts on 15th May 2013 from the companys available cash. Subsequently the Sukuk will be delisted and cancelled.

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