Arabian Aramco Total Services Company Redeems 3.7% of Its Sukuk Musharakah Programme

Saudi Aramco Total Refining and Petrochemical Company's (SATORP) subsidiary, Arabian Aramco Total Services Company (AATSC) has announced on the 22nd of June 2020 that it will partially redeem its semi-annual Sukuk Musharakah.

A total amount of SAR 138.7 million representing 3.7% of the total nominal value of the company’s Sukuk was distributed, according to the redemption schedule of the Sukuk prospectus issued on the 10th of September 2011 and approved by the Capital Market Authority of Saudi Arabia.

Thus, the nominal value of each Sukuk will be SAR 63,760 and the overall value of the issue will be SAR 2.39 billion.

According to the Islami...