Arada Sukuk Limited said it has extended the deadline for certificateholders to submit consent fee requests to 3:00 p.m. London time on August 31, 2026. The extension applies to holders of the company’s trust certificates due 2027, which carry an aggregate face amount outstanding of $411.7 million.
The consent solicitation, originally announced on August 12, 2026, seeks certificateholders’ approval for modifications to the terms and conditions of the certificates and related documents. Certificateholders who submit valid electronic voting instructions in favor of the extraordinary resolution by the new deadline will receive a consent fee of $5.50 per $1,000 in aggregate face amount of certificates held.
The solicitation is being conducted through Mashreqbank psc and Standard Chartered Bank, acting as solicitation agents. Sodali & Co Ltd. has been appointed as information and tabulation agent for the process. Certificateholders have been advised to confirm internal submission deadlines with their banks, brokers, or other intermediaries, as these may precede the August 31 deadline.
The trust certificates, listed under ISIN XS2471859251, form part of a broader $500 million issuance. The company noted that the deadline may be further extended.
