Year 2011

June 16, 2011

Saudi International Petrochemical Company (Sipchem) to issue its debut Mudaraba Sukuk

Logo of Sipchem

The Capital Market Authority (CMA) announced on Sunday, June 12, 2011 its approval for Saudi International Petrochemical Company (Sipchem) to issue its debut Mudaraba Sukuk.

Sipchem will commence the investor presentation and the offering period on Saturday, 16/07/1432 H (corresponding to 18/06/2011 G) for a period of (10) ten business days. The Mudaraba Sukuk will be in registered form in denominations of SR 100,000 (one hundred thousand Saudi Riyals), subject to a minimum initial subscription amount of SR 1,000,000 (one million Saudi Riyals).

Deutsche Securities Saudi Arabia and Riyad Capital are the Joint Lead Managers for the Sukuk issuance. The Mudaraba Sukuk issuance has been approved by the Shariah Committee of Riyad Capital.

The offering, sale and delivery of the Mudaraba Sukuk is limited solely to Saudi nationals or other legal persons with a permanent establishment in the Kingdom holding a current commercial registration number issued by the Ministry of Commerce and Industry (Qualified Persons).  By clicking on the link below and accessing the Prospectus you will be deemed to have represented to each of Sipchem and the Joint Lead Managers that you are a Qualified Person and agreed that you will not deliver or disclose the contents of the Prospectus, electronically or otherwise, to any other person.

Investor Application Form

Offering Circular

 

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