Sukuk Aqaseem Factory 1 to debut on Tadawul today
Aqaseem Factory for Chemicals and Plastics Co. completed Series One of its SAR-denominated sukuk issuance, worth SAR 50 million.
Details
Issue Type
Series 1 of SAR-denominated sukuk, which will be offered through a public issuance
Issue Value
SAR 50 mln
Total Number of Sukuk
50,000
Par Value
SAR 1,000/certificate
Return
10% per annum payable semi-annually in arrears on each distribution date
Maturity
5 years
Redemption Terms
At the maturity date, May 20, 2030, the sukuk shall be redeemed at 100% of the aggregate nominal value of the series.
In a statement to Tadawul, the company said that 6,600 investors subscribed to 108,336 certificates, with a coverage ratio of 216.7%.
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