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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%.