Arada Sukuk Limited has extended the deadline for consent fee submissions to Aug 31, 2026, at 5:00 PM Brasília time, for its US$500 million Trust Certificates due 2027. The extension allows eligible certificateholders additional time to submit valid electronic voting instructions in favor of the extraordinary resolution.
The aggregate face value of the outstanding certificates stands at US$411.7 million, as of the latest filing. The consent fee remains set at US$5.50 per US$1,000 of aggregate face value for qualifying submissions received by the deadline.
The consent solicitation was originally announced on Aug 12, 2026, with Mashreqbank psc and Standard Chartered Bank acting as solicitation agents. Sodali & Co Ltd serves as the information and tabulation agent for the process.
Further extensions beyond Aug 31 are possible, according to the issuer’s disclosure.
