Almarai Company announces its intention to issue Trust Certificates denominated in U.S.$
| Element List | Explanation |
|---|---|
| Introduction | Almarai Company ("Almarai") announces its intention to offer U.S.$-denominated trust certificates (the "Trust Certificates") pursuant to the U.S. $2,000,000,000 Trust Certificate Issuance Programme (the "Programme") updated by Almarai on 23/03/1447H (corresponding to 15/09/2025G).
Almarai has mandated Citigroup, Dubai Islamic Bank, Emirates NBD Bank, HSBC, J.P. Morgan and Standard Chartered Bank as joint lead managers for the purposes of the offering of the Trust Certificates. |
| Offer Type | Issuance of Trust Certificates denominated in U.S.$ pursuant to the Programme. |
| Date of the board’s decision | 2018-10-20 Corresponding to 1440-02-11 |
| Value of the offer | The issuance amount will be determined at a later stage based on market conditions at that time. |
| The Purpose of the offer | For general corporate purposes as detailed in the base offering circular prepared by Almarai in relation to the Programme. |
| Approvals | The offer of the Trust Certificates will be subject to the approval of the relevant regulatory authorities and will be made in compliance with applicable laws and regulations. |
| Additional Information | This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. Almarai will announce any other relevant material developments in due course as required by the relevant rules and regulations. |
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