Dar Al-Arkan Sukuk Company Ltd Change of Agents and Delegate

RNS Number : 1897U

Dar Al-Arkan Sukuk Company Ltd

27 June 2024

 

Dar Al-Arkan Sukuk Company Ltd.

U.S.$600 million Trust Certificates due 2025 (ISIN: XS2066049219);

U.S.$400 million Trust Certificates due 2026 (ISIN: XS2491049651);

U.S.$400 million Trust Certificates due 2027 (ISIN: XS2124942595); and

U.S.$600 million Trust Certificates due 2029 (ISIN: XS2648078322)

(together, the "Certificates")

issued under the

U.S.$2,500,000,000
Trust Certificate Issuance Programme (the "Programme")

27 June 2024

 

NOTICE IS HEREBY GIVEN by Dar Al-Arkan Sukuk Company Ltd. (the "Trustee") that it has received notice from:

 

·    Deutsche Bank AG, London Branch (the "Principal Paying Agent") and Deutsche Bank Luxembourg S.A. (the "Registrar and Transfer Agent" and together with the Principal Paying Agent, the "Agents") that the Agents intend to resign from their roles as Principal Paying Agent and Registrar and Transfer Agent, respectively (the "Resignations"); and

·   Deutsche Trustee Company Limited (the "Delegate") that the Delegate intends to retire from its role as Delegate (the "Retirement"),

 

each under the Programme and the Certificates.

 

HSBC Bank plc has been appointed as a successor for the Agents and the Delegate (the "Appointments"), with the Resignations, Retirement and Appointments taking effect from 18 July 2024. 

 

For further information, please contact:

 

Directors

Dar Al-Arkan Real Estate Development Company

Maathar Street

P.O. Box 105633, Riyadh 11656

Kingdom of Saudi Arabia  

 

 

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