Arada Sukuk extends consent fee deadline to August 31
CAYMAN ISLANDS - Arada Sukuk Limited has extended the consent fee deadline for its $500 million Trust Certificates due in 2027. Certificateholders now have until 3:00 p.m. London time on August 31, 2026 to submit valid electronic voting instructions for an extraordinary resolution and qualify for the fee. The certificates, trading under ISIN XS2471859251, were originally subject to a consent solicitation on August 12, 2026.
Eligible holders who meet the new deadline will receive a $5.50 consent fee per $1,000 of face amount. Those submitting instructions after the deadline will be rejected if the consent is granted. Certificateholders should verify their bank's internal deadline, as it may be earlier than the August 31 date. Mashreqbank psc, Standard Chartered Bank, and Sodali & Co Ltd are involved in the solicitation process.
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