Senaat Sukuk Ltd (Trust Issuance Prog): 23 November 2018

Under the US$3bln trust certificate issuance programme, SENAAT Sukuk Limited (in its capacities as issuer and as trustee) may from time to time issue trust certificates in any currency agreed between the Trustee and the relevant Dealer(s). Certificates may only be issued in registered form.

Senaat is one of the UAE's largest industrial investment holding companies and is mandated by the Government to create, optimise, promote and champion capital-intensive assets. Through its portfolio companies, Senaat operates in the metals manufacturing, oil and gas services contracting, food and beverage production, and building materials manufacturing sectors. The Group's total assets amounted to AED 27.2 billion as at 31 December 2017.
The actual obligor is General Holding Corporation PJSC. The Trust Assets in respect of each Series will comprise of Lease Assets.

The transaction structure relating to the Certificates has been approved by a member of the Executive Committee of the Fatwa and Shari'a Supervisory Board of Abu Dhabi Islamic Bank PJSC, the Shari'a Supervisory Board of Citi Islamic Investment Bank E.C., the Executive Committee of the Shari'a Board of Dubai Islamic Bank and Dar Al Sharia, the First Abu Dhabi Bank Shari'a Supervisory Board and the Shari'a Supervisory Committee of Standard Chartered Bank. However, prospective Certificate holders should not rely on such approvals in deciding whether to make an investment in the Certificates and should consult their own Shari'a advisers as to whether the proposed transaction described in such approvals is in compliance with their individual standards of compliance with Shari'a principles.