AI Summary
Almarai Co. headquarters
Almarai Co. started today, July 18, the issuance of US-dollar-denominated trust certificates, the dairy producer said in a statement to Tadawul.
The issuance amount will be determined after the completion of the offer period based on market conditions at that time, it noted.
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Issuance Details |
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Type |
US-dollar-denominated trust certificates |
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Value |
The amount will be determined after the completion of the offer period based on market conditions at that time |
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Start Date |
July 18, 2023 |
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End Date |
July 19, 2023 |
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Target Investors |
Eligible investors in Saudi Arabia and internationally |
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Minimum Subscription Limit |
$200,000 and in increments of $1,000 in excess thereof |
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Offer Price |
Based on market conditions |
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Nominal Value |
$200,000 |
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Returns |
Based on market conditions |
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Maturity Period |
10 years |
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Terms of Redemption |
The trust certificates may be redeemed prior to the scheduled maturity date in certain cases, as detailed in the base offering circular. |
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