Alqemam for Computer Systems Co. announces intention to issue Sukuk denominated in Saudi riyals through offering via the website of Sukuk Capital authorized by the Capital Market Authority to offer and invest in debt instruments
| Element List | Explanation |
|---|---|
| Introduction | Alqemam for Computer Systems Co. announces its intention to issue Murabaha Sukuk denominated in Saudi Riyals within the (Murabaha Sukuk) program.
The company has also appointed Sukuk Capital as the sole arranging manager, for the purposes of creating, issuing and offering Sukuk. |
| Offer Type | Sukuk denominated in Saudi riyals through offering via the website of Sukuk Capital authorized by the Capital Market Authority to offer and invest in debt instruments |
| Date of the board’s decision | 2023-04-26 Corresponding to 1444-10-06 |
| Value of the offer | The value of the program is ten million (10,000,000) The first installment will be offered in two issues with a total value of three million (3,000,000) Saudi riyals |
| The Purpose of the offer | Supporting company projects |
| Approvals | Nothing |
| Additional Information | The prospectus for the sukuk offering can be found on the Sukuk Capital website, which will be announced at a later time. (https://sukuk.sa/)
The company stresses the importance of reading the prospectus carefully and completely before making any investment decision related to subscribing to sukuk.
This announcement does not constitute an invitation or offer to buy, own or subscribe for any securities. The company will announce any other material developments in a timely manner in accordance with the relevant laws and regulations. |
Comments