| Element List | Explanation |
|---|---|
| Introduction | SAL Saudi Logistics Services (as “SAL” or “the Company”) announces its intention to issue a Saudi Riyal ("SAR") denominated Sukuk (the "Sukuk") by way of private placement inside and/ or outside the Kingdom of Saudi Arabia (the "Proposed Offer"), and has appointed J.P. Morgan Saudi Arabia Company and SNB Capital Company as joint lead managers and bookrunners for the purpose of the Proposed Offer. In connection with its intention to issue Sukuk, the Company intends to conduct a series of meetings with numbers of prospective investors. |
| Offer Type | Private placement of SAR denominated Sukuk. |
| Date of the board’s decision | 2025-10-06 Corresponding to 1447-04-14 |
| Value of the offer | The amount and terms of offer of the Sukuk will be determined at a later stage based on market conditions at that time. |
| The Purpose of the offer | The proceeds of the issuance of Sukuk will be used for the Company’s general corporate purposes, including but not limited to, capital expenditure plans to support future expansions and projects, and to achieve the Company’s long-term financial and strategic objectives. |
| Approvals | The Proposed Offer will be subject to the approvals of the relevant regulatory authorities and will be made in compliance with applicable laws and regulations. |
| Additional Information | This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. The Company will announce any other relevant material developments in due course, as required by the relevant rules and regulations. For any further inquiries, please contact the Investor Relations Department at the email: Investor.Relations@sal.sa |
