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Development Works Food Co. announces the completion of issuing Murabaha instruments denominated in Saudi Riyals
| Element List | Explanation |
|---|---|
| Offer Type | Murabaha instruments denominated in Saudi Riyals |
| Introduction | With reference to the announcement of Development Works Food Co. published on the Saudi Stock Exchange (Tadawul) website on 16/06/1444 AH (corresponding to 09/01/2023 AD) regarding its intention to issue sukuk and offer them through the Dinar Investment Company platform (www.dinar.sa), it is pleased Development Works Food Co. announces the completion of offering and subscribing to sukuk |
| Offer Type | Murabaha instruments denominated in Saudi Riyals |
| Value of the offer | 5,000,000 Saudi riyals |
| Total number of (Bonds/Sukuk) | 5,000 checks |
| Par Value (Bonds/Sukuk) | (1,000) Saudi riyals for one instrument |
| Return (Bonds/Sukuk) | Return on an annual basis. Three months (11.72%) Six months (11.76%) Nine months (11.86%) Twelve months (11.90%) |
| Maturity (Bonds/Sukuk) | 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 26-01-2023. |
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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