06 JUL 2022
| ELEMENT LIST | EXPLANATION |
|---|---|
| Offer Type | Sukuk denominated in Saudi Riyals (SAR) by way of Private Placement offer. |
| Introduction | With reference to the announcement from The National Shipping Company of Saudi Arabia (Bahri) (the "Company") published on the website of the Saudi Stock Exchange (Tadawul) on 1443/11/17 Hejri (corresponding to 16/06/2022G), relating to the commencement of the Company’s offer of Sukuk denominated in Saudi Riyals (SAR), the Company would like to announce the completion of the offer of the Sukuk and the settlement of the Sukuk issuance on 1443/12/06 Hejri (corresponding to 05/07/2022G). |
| Offer Type | Sukuk denominated in Saudi Riyals (SAR) by way of Private Placement offer. |
| Value of the offer | SAR 3,900,000,000. |
| Total number of (Bonds/Sukuk) | 3,900 (based on the minimum denomination and total issue size). |
| Par Value (Bonds/Sukuk) | SAR 1,000,000. |
| Return (Bonds/Sukuk) | 6 months Saudi Arabian Interbank Offered Rate (SAIBOR) + 1.20% as detailed in the offering circular in relation to the Sukuk. |
| Maturity (Bonds/Sukuk) | 7 years. |
| Terms of Redemption | The Sukuk shall be redeemed on the maturity date.
The Sukuk may be redeemed prior to the scheduled maturity date in certain cases as detailed in the offering circular in relation to the Sukuk. |
| Additional Information | The Company has appointed HSBC Saudi Arabia as Lead Coordinator, and Alrajhi Capital, HSBC Saudi Arabia and SNB Capital Company as Joint Lead Managers.
This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the Sukuk. The Company will announce any other relevant material developments to its shareholders in due course. |