Ooredoo Successfully Closes First US$1.25 billion Sukuk Issuance

Doha, Qatar, 4 December 2013: Ooredoo Q.S.C. – (Ticker: ORDS.QA) today announced the successful closing of the inaugural US$1.25 billion issuance (the “Sukuk”) under its previously announced Trust Certificate Programme. The Sukuk was issued by Ooredoo Tamweel Limited, a special purpose vehicle wholly owned by Ooredoo Q.S.C. (“Ooredoo”). Ooredoo is rated A2 by Moody’s, A by S&P and A+ by Fitch. 

The Sukuk will mature on 3 Dec 2018 and has a profit rate of 3.039%. The Sukuk is listed on the Official List of the Irish Stock Exchange and admitted to trading on its Main Securities Market.

Net proceeds from the sale of the Sukuk will be used by Ooredoo for general corporate purposes including re-financing

 

About Ooredoo
Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives and Indonesia. The company reported revenues of US$9.3 billion in 2012 and had a consolidated global customer base of more than 92.9 million people as of 31 December 2012. Ooredoo’s shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.

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