“Senomi Centers” intends to issue international sukuks denominated in dollars
Arabian Centers Company intends to… "Sinomi Centers" Issuing international sukuks in US dollars that comply with the provisions of Islamic Sharia.
The company said in a statement on the website "Saudi Arabia trading"In conjunction with this, the company also announces that it has submitted a blanket purchase offer and an invitation to obtain approval in relation to its existing sukuk amounting to $875 million, which will mature in 2026.
According to the company, the purchase offer expires at 4:00 pm London time on December 1, 2025, while the deadline for voting on the approval call ends at 4:00 pm London time on December 8. 2025 AD.
The company appointed Abu Dhabi Commercial Bank, Citigroup, Emirates NBD Capital, Goldman Sachs International, and Mashreq Bank PJSC (through its Islamic banking division) as global coordinators.
It also appointed Abu Dhabi Commercial Bank, Arqaam Capital, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs International, and JP Morgan. Securities, Mashreq Bank PJSC (through its Islamic Banking Division), Sharjah Islamic Bank and National Bank of Ras Al Khaimah as joint lead managers in relation to the transaction.
The company, in the context of its intention to offer the Sukuk, also held a series of meetings with potential investors.
It explained that the Sukuk are international in US dollars and compatible with the provisions of Islamic Sharia, issued by the Arab Centers for Sukuk IV Limited.
/>She noted that the number and value of any sukuks that will be offered will be determined based on market conditions and the company’s financial and strategic needs.
She stated that the purpose of the offering is: for the company’s general commercial purposes and to meet the company’s financial and strategic needs, including refinancing some of its existing obligations.
The offering of the sukuks will be subject to the approval of the relevant regulatory authorities, and will be carried out in accordance with all relevant laws and regulations.
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