Latest news with #AqaseemFactory
Argaam
28-05-2025
- Automotive
- Argaam
Aqaseem Factory to transfer SAR 3.4M statutory reserve to retained earnings
Aqaseem Factory for Chemicals and Plastics Co. 's shareholders approved transferring the company's statutory reserve of SAR 3.38 million to retained earnings during an extraordinary general meeting (EGM) on May 27. The statutory reserve is based on the annual financial statements for the year ended Dec. 31, 2024, Aqaseem Factory said in a statement to Tadawul. Shareholders also approved contracts signed with Leader Express for Automotive Services, in which board members Mohammed Al Dossary and Faisal Al Zahrani hold indirect interests. The contracts, valued at SAR 5.74 million for 2024, do not include any preferential terms. All other items on the meeting's agenda were also approved, the statement added.
Argaam
20-05-2025
- Business
- Argaam
Sukuk Aqaseem Factory 1 to debut on Tadawul today
The Saudi Exchange (Tadawul) announced that Aqaseem Factory for Chemicals and Plastics Co. 's Sukuk Aqaseem Factory 1 will be listed and commence trading today, May 20, under the symbol 5022 and ISIN code SA16A00IEF37. 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%.
