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Aqaseem Factory for Chemicals and Plastics Co. announces intention to issue establishing a sukuk program in Saudi riyals, through which the company will issue local sukuks in Saudi riyals that are compatible with the provisions of Islamic Sharia.
| Element List | Explanation |
|---|---|
| Introduction | Aqaseem Factory for Chemicals and Plastics Co. announces its intention to establish a sukuk program in Saudi riyals, through which the company will issue local sukuks in Saudi riyals that are. compatible with the provisions of Islamic Sharia. |
| Offer Type | establishing a sukuk program in Saudi riyals, through which the company will issue local sukuks in Saudi riyals that are compatible with the provisions of Islamic Sharia. |
| Date of the board’s decision | 2024-04-28 Corresponding to 1445-10-19 |
| Value of the offer | 500 million Saudi riyals |
| The Purpose of the offer | For the company’s general commercial purposes and to meet its financial and strategic objectives |
| Approvals | The offering is subject to the approval of the relevant official authorities and the offering will be made in accordance with the relevant laws and regulations |
| Additional Information | The Board of Directors decided to appoint Al-Khair Capital as the financial advisor for the process of issuing and offering Sukuks (public offering). We would also like to point out the following: This announcement does not constitute an invitation or offer to buy, own, or subscribe for any securities. The company will announce to its valued shareholders any other material developments in a timely manner. Any offering of Sukuks will be limited to qualified investors in the countries in which the offering will take place in accordance with the rules and regulations of those countries |
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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