Fawaz Abdulaziz Alhokair & Company announce the company plan to issue Sukuk and bridge loan amounting to SR 315 million

Fawaz Abdulaziz Alhokair is pleased to announce that, based on the approval of the Extraordinary General Assembly at its meeting held on 24  jumada al oula, corresponding to March 25, 2014 AD to issue Sukuk instruments compliant with Islamic Sharia law, the Company will start from 27/05/2014 having meetings with interested investors. This Sukuk issuance is the first for the company and will be  a debut private offering, denominated in Saudi Riyals, to sophisticated investors resident in the Kingdom of Saudi Arabia.

The Company will update the shareholders with any developments in this matter. The Company has appointed Samba Capital and Investment Management Company to act as lead manager and bookrunner of the offering. The company is also pleased to announce it is in the process of signing an agreement with a syndicated group of banks in the amount of SAR 1 billion the purpose of which is to repay most of its existing loans and to finance the company's activities and investments, in general. The company will also obtain a bridge loan from the Samba Financial Group for SAR 315 million dated May 26,2014 until the completion of the signing of the facilities referred to above. This bridge loan is secured by a promissory note signed by company and its objective is to finance the expansion plan of the company.

http://www.tadawul.com.sa/wps/portal/!ut/p/c1/04_SB8K8xLLM9MSSzPy8xBz9CP0os3g_A-ewIE8TIwN_D38LA09vV7NQP8cQQ_dgE_3gxCL9SAJqCrJdFQEq9qha/?ANNOUNCEMENT_NO=34727

http://www.tadawul.com.sa/wps/portal/!ut/p/c1/04_SB8K8xLLM9MSSzPy8xBz9CP0os3g_A-ewIE8TIwN_D38LA09vV7NQP8cQQ_dgE_3gxCL9SAJqCrJdFQEq9qha/?ANNOUNCEMENT_NO=34728

distributed by