| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Oil Company (Saudi Aramco) announces its intention to offer international trust certificates (sukuk) pursuant to SA Global Sukuk Limited’s Trust Certificate Issuance Programme. |
| Offer Type | The trust certificates (sukuk) will constitute U.S.$ denominated, direct, unsubordinated, unsecured and limited recourse obligations of SA Global Sukuk Limited. |
| Date of the board’s decision | 2021-12-20 Corresponding to 1443-05-16 |
| Value of the offer | Amount is subject to market conditions. |
| The Purpose of the offer | The net proceeds will be used by Saudi Aramco for general corporate purposes. |
| Approvals | Trust certificates issuance will be subject to the approval of the official authorities. In addition, it will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933, as amended. The stabilisation rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance. Application will be made for the trust certificates to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such trust certificates to be admitted to trading on the London Stock Exchange’s main market. |
| Additional Information | Saudi Aramco has mandated Al Rajhi Capital, Citi, Dubai Islamic Bank PJSC, First Abu Dhabi Bank, Goldman Sachs International, HSBC, J.P. Morgan, KFH Capital and Standard Chartered Bank as Active Joint Bookrunners to organize a series of fixed income investor meetings commencing 21/03/1446H (corresponding to 24 September 2024G). Abu Dhabi Commercial Bank PJSC, Albilad Capital, Alinma Investment, BOC International, Emirates NBD Capital, Mizuho, MUFG, NATIXIS, Sharjah Islamic Bank and SMBC Nikko have been mandated as Passive Joint Bookrunners. The offering of the trust certificates will be limited to qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions. |
