Jabal Omar Development Company announces the partial early redemption of SUKUK
Jabal Omar Development Company announces the partial early redemption of sukuk amounting to USD 67,500,000 in aggregate face amount of its Certificates (out of total face amount of USD 135,000,000) that were issued on November 15, 2018 and its original maturity date is 15 November 2023.
Accordingly, the redemption amount together with any periodic distribution amounts that would be due will be transferred to the Sukukholders’ accounts based on their respective holdings.
Value of the redeemed (sukuk bonds)
Percentage of fulfilled achievement
Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk)
Number of redeemed (bonds/sukuk)
2018-11-15 Corresponding to 1440-03-07
Trading End Date
Sukuk Par Value at Redemption Date
Total issuance value after redemption
Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts
2022-03-04 Corresponding to 1443-08-01
Name of the Entity Responsible for the Deposit and Contact Details
The Paying Agent
- HSBC Bank plc
- 8 Canada Square
- London E14 5HQ
- United Kingdom
Fax Number: +44 845 587 0429
Email: firstname.lastname@example.org; email@example.com
Attention: The Senior Manager, CT Client Services, Corporate Trust & Loan Agency
This step forms part of the company’s turnaround plan that aimed at improving the company’s funding structure and reducing its financial obligations and financing costs.