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Development Works Food Co. Announces the Start of Issuing Murabaha instruments denominated in Saudi Riyals

6013
DWF
-4.50 %
1444/07/04     26/01/2023 15:52:25

Element ListExplanation
Introduction With reference to the announcement of Development Works Food Co. published on the Saudi Stock Exchange (Tadawul) website on 06/16/1444 AH (corresponding to 01/09/2023 AD) regarding its intention to issue sukuk and offer them through the Dinar Investment Company platform (www.dinar.sa), it is pleased Food Development Business Company Announcing the start date of issuing sukuk and the subscription period for institutions and individuals.
Offer Type Murabaha instruments denominated in Saudi Riyals
Value of the offer The value of the total offering for the first group of issues has been set at five million (5,000,000) Saudi riyals, noting that the value will be finally determined after the completion of the offering period and based on the market conditions at that time.
Offering start Date 2023-01-29 Corresponding to 1444-07-07
Offering end Date 2023-02-18 Corresponding to 1444-07-27
The targeted class of the issuance The sukuk will be offered to natural and legal persons who are entitled to subscribe to the sukuk in the Kingdom of Saudi Arabia.
Name of Issuance Manager Development Works Food Co. has appointed Dinar Investment Company as the sole arrangement Manager.
Minimum Subscription One check, with a nominal value of (1,000) Saudi riyals. For more details, please see the prospectuses prepared for the sukuk on the Dinar platform www.dinar.sa and the Dinar application:

https://apps.apple.com/sa/app/%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-dinar/id6443503999

Offer Price (Sukuk /Bonds) (1,000) Saudi riyals for one instrument
Par Value (1,000) Saudi riyals for one instrument
Return (Sukuk /Bonds) Return on an annual basis

Three months (11.72%)

Six months (11.76%)

Nine months (11.86%)

Twelve months (11.90%)

Maturity (Sukuk /Bonds) It varies according to the release periods, starting from three months to one calendar year.
Terms of Redemption Development Works Food Co. may redeem sukuk in certain cases, as detailed in the issuance brochures prepared regarding the sukuk and dated 01-26-2023 AD
Additional Information Institutional and individual investors wishing to purchase sukuk must register on the Dinar platform via www.dinar.sa or download the Dinar application:

https://apps.apple.com/sa/app/%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-dinar/id6443503999

Investors' purchase of sukuk is subject to the fulfilment of the terms and conditions contained in the prospectuses and the investment terms and conditions agreement.

For more details about subscribing to sukuk, please see the prospectuses published on the sole salary website and application (Dinar Investment Company).

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 135.8
Net Change -6.4 (-4.5%)
Value Traded (Sar) 14,801,631.6
Volume Traded 107,263
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