Arada Sukuk Limited
17 September 2026
NOT FOR DISTRIBUTION: (A) IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT); OR (B) IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
17 September 2026
ARADA SUKUK LIMITED ANNOUNCES RESULTS OF CONSENT SOLICITATION
to eligible holders of its outstanding U.S.$411,702,000 Trust Certificates due 2027
(the "Certificates")
ARADA SUKUK LIMITED
(Incorporated as an exempted company with limited liability in the Cayman Islands)
(the "Trustee")
|
Description of Certificates |
Aggregate Face Amount Outstanding |
ISIN |
Consent Fee |
|
U.S.$500,000,000 Trust Certificates due 2027 |
U.S.$411,702,000 |
XS2471859251 |
U.S.$5.50 per U.S.$ 1,000 in aggregate face amount of the Certificates |
On 12 August 2026, the Trustee announced an invitation to holders of the Certificates to consent to certain modifications of the terms and conditions of the Certificates and the documents relating to the Certificates, all as further described in the consent solicitation memorandum dated 12 August 2026 (the "Consent Solicitation Memorandum"). Capitalised terms used in this notice and not otherwise defined shall have the meanings given to them in the Consent Solicitation Memorandum.
Results of the Adjourned Meeting
The adjourned Meeting to consider the Extraordinary Resolution and, if thought fit, pass the Extraordinary Resolution was held earlier today and was quorate, the Eligibility Condition was satisfied and the Extraordinary Resolution was duly passed.
All Certificates blocked for the purpose of the Consent Solicitation will be unblocked as soon as practicable.
The Trustee expects to pay the Consent Fee on or around the second Business Day following the date on which the Optional Dissolution Call Right is exercised (the "Fee Payment Date"). Further announcements will be made by the Trustee in connection with any exercise of the Optional Dissolution Call Right, and providing confirmation of the Fee Payment Date accordingly.
Further details about the Consent Solicitation can be obtained from:
The Solicitation Agent
Mashreqbank psc (acting through its Islamic Banking Division)
Mashreqbank Global Headquarters
Al Umniyati Street, Burj Khalifa Community
P.O. Box 1250
Dubai
United Arab Emirates
Telephone: +971 4 363 2244
Attention: Liability Management team
Email: DCM@mashreq.com
Standard Chartered Bank
7th Floor Building One, Gate Precinct
Dubai International Financial Centre
P.O. Box 999
Dubai
United Arab Emirates
Attention: Liability Management
Email: liability_management@sc.com
The Information and Tabulation Agent
Sodali & Co Ltd
The Leadenhall Building
122 Leadenhall Street
London
EC3V 4AB
United Kingdom
Email: arada@investor.sodali.com
Transaction Website: https://projects.sodali.com/arada
Distribution Restrictions
This announcement and the Consent Solicitation Memorandum do not constitute an offer or an invitation to participate in the Consent Solicitation in any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such offer or invitation under applicable securities laws. The distribution of the Consent Solicitation Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession the Consent Solicitation Memorandum comes are required by each of the Trustee, Arada, the Solicitation Agent, the Delegate and the Information and Tabulation Agent to inform themselves about, and to observe, any such restrictions.
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