Cenomi Centers has announced the successful completion of its USD-denominated Shari’ah-compliant Sukuk offering, with settlement expected on 4 December 2025. The proceeds will be used to refinance the company’s existing Sukuk issued in 2021, which matures in October 2026. The company noted that the transaction is expected to be debt neutral.
The Sukuk was issued internationally through Arabian Centres Sukuk IV Limited, forming part of Cenomi Centers’ strategy to maintain access to global capital markets and diversify its financing sources.
Key Features of the Offering
The issuance consists of an international USD-denominated Shari’ah-compliant Sukuk with a total value of USD 500 million. The offering includes 2,500 Sukuk certificates, each carrying a par value of USD 200,000. The Sukuk provides investors with a return of 8.875% and carries a maturity period of five years.
According to the terms outlined in the base listing particulars dated 18 November 2025, the Sukuk may be redeemed prior to maturity under specific conditions. These early-redemption scenarios are detailed within the official documentation governing the issuance.
Additional Information
An application has been submitted to The International Stock Exchange Authority Limited to list and trade the Sukuk certificates on the Official List of The International Stock Exchange. The certificates may be sold in reliance on Regulation S under the U.S. Securities Act of 1933. Cenomi Centers confirmed it will continue to complete all settlement procedures and will announce any further developments to shareholders as required.
To learn more, please view the original press release PDF.
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