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Tadawul suspends SABIC SUKUK today
Saudi Press Agency Published in Saudi Press Agency on 14 - 06 - 2011

The Saudi Stock Exchange (Tadawul) announced the suspension of SABIC SUKUK 1 (Instruments) at the end of trading on Tuesday 14/06/2011 based upon the CMA approval of SABIC's request to purchase (redeem) the SABIC SUKUK 1 issue. Accordingly, the SUKUK will be delisted from the Saudi Stock Exchange (Tadawul) on the 15th July 2011, Tadawul published today on its website.
Saudi Basic Industries Corporation (SABIC) announced on Monday its intention to purchase the assets of its first Sukuk amounting to SR 3 billion issued in July 2006, in accordance with the terms and conditions of the Sukuk. As a result of this, trading of the Sukuk will cease on 15th June 2011 and the amounts due to the Sukukholders will be deposited into the Sukukholders accounts on 16th July 2011 from the company's available cash. Subsequently the Sukuk will be delisted and cancelled.

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