Arada Consent Solicitation Results Announcement

Summary by AI BETAClose X

Arada Sukuk Limited announced that its consent solicitation for the U.S.$500,000,000 Trust Certificates due 2027 has failed as less than 75% of the outstanding U.S.$411,702,000 certificates voted in favour of the proposed modifications by the consent fee and expiration deadlines. Consequently, the extraordinary resolution was not passed, and a meeting will be held on September 3, 2026, to discuss the matter further.

Disclaimer*

Arada Sukuk Limited
01 September 2026
 

NOT FOR DISTRIBUTION: (A) IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED BELOW); OR (B) IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.

1 SEPTEMBER 2026

ARADA SUKUK LIMITED ANNOUNCES RESULTS AS OF THE CONSENT FEE DEADLINE AND EXPIRATION DEADLINE IN RESPECT OF ITS CONSENT SOLICITATION


to eligible holders of its outstanding
U.S.$ 500,000,000 Trust Certificates due 2027
(the "Certificates")

 

ARADA SUKUK LIMITED

(incorporated as an exempted company with limited liability in the Cayman Islands)

(the "Trustee")

Description of Certificates

Aggregate Face Amount Outstanding

ISIN

Consent Fee

U.S.$ 500,000,000 Trust Certificates due 2027

U.S.$ 411,702, 000

XS2471859251

U.S.$ 5.50 per U.S.$ 1,000 in aggregate face amount of the Certificates

On 12 August 2026, the Trustee announced an invitation to holders of the Certificates (the "Certificateholders") to consent to certain modifications of the terms and conditions of the Certificates (the "Conditions") and the documents relating to the Certificates, all as further described in the consent solicitation memorandum dated 12 August 2026 (the "Consent Solicitation Memorandum"). Capitalised terms used in this notice and not otherwise defined shall have the meanings given to them in the Consent Solicitation Memorandum.

Results of Consent Solicitation at the Consent Fee Deadline and the Expiration Deadline

Valid Electronic Voting Instructions voting in favour of the Extraordinary Resolution representing less than 75 per cent. in aggregate face amount of the Certificates outstanding were provided by Eligible Certificateholders to the Information and Tabulation Agent as at both the Consent Fee Deadline and the Expiration Deadline. Consequently, as at each of the Consent Fee Deadline and the Expiration Deadline, Electronic Consent has not been granted and the Extraordinary Resolution has not been duly passed.

A Meeting will be held at the offices of Greenberg Traurig, LLP at The Shard, Level 8, 32 London Bridge Street, London SE1 9SG, United Kingdom at 10.00 a.m. (London time) on 3 September 2026.

Further Information

Further details about the Consent Solicitation can be obtained from:

The Solicitation Agents

Mashreqbank psc (acting through its Islamic Banking Division)

Mashreqbank Global Headquarters

Al Umniyati Street

Burj Khalifa Community

P.O. Box 1250, Dubai

United Arab Emirates

Attention: Liability Management team

Email: DCM@mashreq.com

Standard Chartered Bank

7th Floor Building One

Gate Precinct

Dubai International Financial Centre

P.O. Box 999

Dubai

United Arab Emirates

Attention: Liability Management

Email: liability_management@sc.com

The Information and Tabulation Agent

Sodali & Co Ltd

The Leadenhall Building

122 Leadenhall Street

London, EC3V 4AB

United Kingdom

Transaction website: https://projects.sodali.com/arada 

Email: arada@investor.sodali.com

Distribution Restrictions

This announcement and the Consent Solicitation Memorandum do not constitute an offer or an invitation to participate in the Consent Solicitation in any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such offer or invitation under applicable securities laws. The distribution of the Consent Solicitation Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession the Consent Solicitation Memorandum comes are required by each of the Trustee, Arada, the Solicitation Agents, the Delegate and the Information and Tabulation Agent to inform themselves about, and to observe, any such restrictions.

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