The Second Part of The Sukuk Issuance of Ezdan

April 02, 2017

With reference to the Ordinary General Assembly's endorsement of Ezdan Holding group dated 11/04/2016 of the recommendation of the Board of Directors to issue Sukuk compatible with Shariah  with amount (two billion US dollars) or the equivalent in other currencies, either in part or multiple parts.

Ezdan Holding Group has issued the second phase of Sukuk program with the amount of USD 500 million 5-year RegS only Sukuk offering. The Sukuk was issued at par with a profit rate of 4.875%, representing a spread of 295bps over 5-year mid-swaps.