Aramco-Total JV’s unit partially redeems Sukuk with $55m

RIYADH: Arabian Aramco Total Services Co. has partially redeemed its Sukuk with a distribution amount of SR208 million ($55 million), bringing the outstanding principal to SR1.67 billion.

This represents 5.54 percent of the Sukuk’s original face value, according to a bourse filing.

Its parent company SATORP, a joint venture between oil giant Aramco and France’s Total Oil Co., had swung into a profit of SR1.43 billion in the first quarter of 2022.