Aqaseem Factory for Chemicals and Plastics Co. announces intention to issue Sukuk denominated in Saudi riyals through offering through the website of the financial sukuk company authorized by the Capital Market Authority to offer and invest in debt instruments.
| Element List | Explanation |
|---|---|
| Introduction | The company has also appointed Sukuk Financial Company as the sole arranging manager, for the purposes of creating, issuing and offering Sukuk |
| Offer Type | Sukuk denominated in Saudi riyals through offering through the website of the financial sukuk company authorized by the Capital Market Authority to offer and invest in debt instruments. |
| Date of the board’s decision | 2023-05-01 Corresponding to 1444-10-11 |
| Value of the offer | The offering value will be determined at a later date based on market conditions at the time. |
| The Purpose of the offer | To support the company's operational activities |
| Approvals | Offering sukuk the approval of the Capital Market Authority is not required for the company's request to register and offer sukuk under the program. |
| Additional Information | The prospectus for the sukuk offering can be viewed 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. |
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