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 ANNOUNCEMENT.
2 July 2026
BBG SUKUK LTD ANNOUNCES RESULTS OF CONSENT SOLICITATION
BBG SUKUK LTD
(Incorporated in the Cayman Islands as an exempted company with limited liability)
(LEI: 549300URWP4TDNWJXN62)
(the "Trustee")
Description of Trust Certificates ISIN Aggregate Face Amount Outstanding | U.S.$1,000,000,000 Trust Certificates due 20291 XS2890149185 U.S.$1,000,000,000 | _________________________________________ 1 Comprised of (i) the outstanding U.S.$800,000,000 Trust Certificates due 2029 issued by the Trustee on 9 October 2024 (the "Original Certificates") and (ii) the outstanding U.S.$200,000,000 Trust Certificates due 2029 issued by the Trustee which are consolidated with and form part of the same series as the Original Certificates and represented by the Global Certificate with ISIN XS2890149185 (the "Certificates"). |
On 10 June 2026, the Trustee announced an invitation to holders of the Certificates ("Certificateholders") to approve, inter alios, certain modifications to the terms and conditions of the Certificates (the "Conditions") to reflect the proposed re-domiciliation of the Trustee from the Cayman Islands to the Qatar Financial Centre, as further described in the consent solicitation memorandum dated 10 June 2026 (the "Consent Solicitation Memorandum") (such invitation in respect of the Certificates, the "Consent Solicitation"). Capitalised terms used herein and not otherwise defined shall have the meanings given to them in the Consent Solicitation Memorandum.
Results of Meeting
The Trustee hereby announces that, at the Meeting of Certificateholders held today: (i) the quorum was reached; and (ii) the Extraordinary Resolution was duly passed. Certificates that were the subject of Electronic Voting Instructions will be unblocked on the date falling one Business Day from the date hereof.
Pursuant to the terms and conditions of the Consent Solicitation as set out in the Consent Solicitation Memorandum, the Trustee will notify the Certificateholders once: (i) all required internal and external approvals in the relevant jurisdictions have been obtained in respect of the Proposed Re-domiciliation; and (ii) the Supplemental Trust Deed and related ancillary documents have been executed.
Further information
Further detail about the Consent Solicitation can be obtained from:
The Solicitation Agent
Standard Chartered Bank
7th Floor Building One, Gate Precinct
Dubai International Financial Centre
P.O. Box 999
Dubai
United Arab Emirates
Telephone: +44 20 7885 5739
Attention: Liability Management Group
Email: liability_management@sc.com
The Information and Tabulation Agent
Sodali & Co Limited
The Leadenhall Building
122Leadenhall Street
London, EC3V 4AB
United Kingdom
Telephone: +44 20 4513 6933
Email: dukhanbank@investor.sodali.com
Transaction Website: https://projects.sodali.com/dukhanbank
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, the Bank, the Solicitation Agent, the Delegate and the Information and Tabulation Agent to inform themselves about, and to observe, any such restrictions.
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