Rawabi Holding Company (“Rawabi” or the “Company”) had successfully concluded its third issuance of a SAR 583 million Sukuk due on 28 July 2022 (“Third Series”) under the SAR 1.5 billion Sukuk programme established by a special purpose vehicle (“Sukuk Programme”). The Third Series follows two successful issuances since the Sukuk Programme was established earlier in the year. Albilad Capital, Alinma Investment Company and Riyad Capital acted as co-dealers for the Third Series.

Ahmad Al-Shubbar, Vice President, Treasury & Strategy, at Rawabi said: “The successful issuance of three series totaling almost SAR 1.16 billion under the Sukuk Programme in the year to-date demonstrates the resilience of Rawabi’s business model and growth strategy during a remarkably challenging period. The Sukuk Programme plays an integral role in helping Rawabi to diversify its funding sources, ensuring that the Company is well-positioned to execute its ambitious growth strategy going forward.”

“We are delighted to receive such a strong endorsement from capital markets investors, recognizing Rawabi’s unique position to capitalize on its leading position in the regional oilfield services industry.”

“We are very pleased to work with our investment banking partners to attract strong institutional interest for the Sukuk Programme.”

Simmons & Simmons LLP acted as legal counsel. 

About Rawabi Holding Company

A leading global provider of products and services to a diversified range of key industries, with a focus on Oil & Gas industry.

Through its fully owned subsidiaries and controlled companies: Rawabi Oil & Gas (ROG), Rawabi Vallianz Offshore Services (RVOS) and Vallianz Holdings Limited (VHL); Rawabi Holding provides a wide range of Supply to the Upstream, Downstream and Midstream sectors on the Oil & Gas Industry supported by a wide range of Oilfield Services that covers drilling, intervention and productions activities. Additionally, the group operate a large young fleet of Offshore Service Vessels and Jack-up Barges in the MENA, Europe, North and South America and Far East.