Saudi Hollandi Bank Announces the Redemption of its 2008 Mudaraba Certificates (Sukuk)

02/12/2013 Tadawul

Saudi Hollandi Bank is pleased to announce the redemption of its 2008 Mudaraba Certificates (Sukuk) at their face value (100% of Issue Price) at the end of year 5. The Mudaraba Certificates (Sukuk) issued in December 2008 with an original maturity of ten years (due 2018) are callable in December 2013. The regulatory approval has already been obtained in this regard

 

The Redemption Amount along with the Periodic Distribution Amount (profit for the current period ending 31 December 2013) will be transferred to the Certificate holders accounts on 31 December 2013 based on their respective holdings as of December 21, 2013 (the last date before the trading suspension period

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