Sammaan Capital Limited — Important, 18-11-2024: Updates

Sammaan Capital Limited has initiated a pre-mature redemption offer for its non-convertible debentures (NCDs) maturing until December 31, 2024, allowing debenture holders to sell their bonds at par. This decision is part of the company's proactive asset-liability management strategy, aiming to optimize its cost of funds. Recently, the company also purchased and extinguished certain USD denominated senior secured social bonds worth approximately USD 11 million, due in July 2027, demonstrating its commitment to maintaining a strong liquidity position. Bondholders interested in this redemption offer can contact the designated representative before November 30, 2024. This move signals a positive outlook on liquidity management and cost reduction efforts, which may enhance investor confidence.