| Additional Information | The public offering of the Series One Issuance included the issue of 100,000 Sukuk, with a par value of 1,000 Saudi Riyals for each Sak, with a fixed return of 8.50% per annum, as part of a Sukuk Issuance Programme through Sukuk Al Kathiri (Special Purpose Entity). The Offering was successfully completed and the Sukuk were fully subscribed by both Retail and Institutional subscribers. The percentage of the Sukuk dedicated to Retail subscribers was determined at 41.75% from the total Offered Sukuk and the percentage of Sukuk dedicated the Institutional subscribers was determined at 58.25% of the total Offered Sukuk. The total number of bids for the Sukuk amounted to 117,303 Sukuk, with a coverage ratio of 117.30%.* The results of the coverage for the retail subscribers:- Number of Sukuk dedicated to retail subscribers: 41,753 Sukuk, representing 41.75% of the total Offered Sukuk- Coverage ratio: (100.00%), where all retail subscriber included in the subscription application were allocated 100% of their orders.-* The results of the coverage for the institutional subscribers:- Number of Sukuk dedicated to Institutional investors: 58,247 Sukuk, representing 58.25% of the total Offered Sukuk- Coverage ratio: (129.70%), where the allocation for institutional subscribers was determined at the sole discretion of the Issuer (after obtaining the approval of the Sponsor) and in consultation with the Arranger.* Refund (if any): The process of refunding the excess subscription funds to the eligible subscribers will start on Sunday 11/09/1444H (corresponding to 02/04/2023G), and the excess subscription funds will be deposited in the accounts of the eligible investors in accordance with the procedures adopted by the relevant banks.* Listing: The sukuk will be listed and traded in the Saudi Exchange Market (Tadawul) after completing all regulatory requirements, and this will be announced in due course.* Key details on the Sukuk:- Type of Offering: Public Offering- Issuer: Sukuk Al Kathiri (Special Purpose Entity)- Sponsor: Al Kathiri Holding Company- Series Number: 1 (Series One)- Aggregate Number of Sukuk for the Series: 100,000 Sukuk- Par Value per Sak: 1,000 Saudi Riyal- Aggregate Nominal Value for the Series: 100,000,000 Saudi Riyals- Maturity: Five (5) years, Sukuk to be redeemed at Maturity Date on 30/03/2028G- Profit Rate: 8.50 per cent. Per annum payable semi-annually, commencing from Settlement Date- Settlement Date: 08/09/1444H (corresponding to 30/03/2023G)- Periodic Distribution Dates: 30 September, 30 March of each year- First Periodic Distribution Date: 30 September 2023- Sukukholders’ Agent’s Delegate and Payment Administrator: AlKhair Capital Saudi Arabia* Additional Information: Investors can review the applicable final terms for this series of Sukuk by visiting the following website:(https://www.SukukAlKathiri.com)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 issuer will announce any other relevant material developments in due course as required by the relevant rules and regulations. |
