Sammaan Capital Limited — Important, 19-11-2024: Updates

Sammaan Capital Limited has repurchased a total of USD 26 million of its senior secured social bonds due 2027 for a purchase consideration of USD 25.94 million, yielding nominal gains. This includes an earlier repurchase of USD 11 million in October 2024 and a planned USD 15 million purchase set for December 2, 2024. The company's approach aims to optimize its cost of funds and utilize its strong liquidity position effectively. As of September 2024, the company's Liquidity Coverage Ratio (LCR) stood at an impressive 345%, with cash and bank balances covering over 60% of its debt repayments for the next 12 months. This strategy underscores the company's proactive asset-liability management and commitment to a robust financial posture. Investors should monitor these developments as they reflect the company's capacity to manage its debt while maintaining liquidity, presenting a positive outlook for operational stability.