Sammaan Capital Limited has informed the Exchange regarding 'Re-purchase of Non Convertible Debentures (NCDs) maturing up to 31st July, 2026 at par'.
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Sammaan Capital Limited is inviting holders of specified NCDs maturing up to 31st July 2026 to tender their debentures at par value, using surplus liquidity. The buyback is part of a structured liability management programme aimed at optimising the company's debt structure, improving maturity alignment, and reducing borrowing costs. The company, now part of the IHC Group (Abu Dhabi) following a 41.5% stake acquisition by International Holding Company PJSC, expects its credit profile to improve due to IHC's backing and the UAE's sovereign AA rating. Acquired NCDs will be held as treasury stock until maturity. The programme may be extended to longer-dated maturities based on investor response.
The buyback signals healthy liquidity and a proactive approach to liability management, which should reduce the company's cost of funds and strengthen its balance sheet. The IHC backing provides credibility but also indicates strategic repositioning of the capital structure.