“Savola” intends to purchase all of the sukuks from the “July 9, 2019” issue.

Savola Group Company intends to purchase sukuks worth 60 million riyals.
The company said in a statement on the Saudi Tadawul: The sukuk are the remainder of the total sukuk issued on July 9, 2019, and due on July 9, 2026.
The percentage of redeemed sukuk will become 100% of the original sukuk issued once the repurchase is completed, and the group intends to cancel the purchased sukuk, in accordance with the terms and conditions of the sukuk.
The company had announced on the Saudi Tadawul its intention to partially purchase the sukuk issued on 7/9/2019, as the total value of the redeemed sukuk amounted to 940 million riyals out of one billion riyals, which represents 94% of the total sukuk.
She explained that the recovery rate of the total issuance is 6%, while the total number of (sukuks/bonds) redeemed is 60 bonds.
It reported that the date of cessation of trading in the sukuks: 6/30/1446.
She indicated that the nominal value of the instrument upon redemption is one million riyals per instrument.
It stated that the total issue value is after redemption.
She pointed out that the date of depositing the amounts into the accounts of holders of (sukuks/bonds) was 06-25-1446, corresponding to 12-26-2024.