AI Summary
Logo of Al Kathiri Holding Co.
Al Kathiri Holding Co. announced that the yield on the fourth semi-annual distribution of its Sukuk Series 1 for the period ended Sept. 30, 2024, stood at SAR 4.27 million.
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Fourth Semi-Annual Sukuk Yield |
|
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Total Yield |
SAR 4.27 mln |
|
Number of Eligible Sukuk |
100,000 |
|
Yield per Instrument |
SAR 42.736 |
|
No. of Days in Coupon |
181 days |
|
Record Date |
March 19, 2025, including shareholders registered at the Securities Depository center (Edaa) at the second trading day following the record date (March 23, 2025). |
|
Payment Date |
March 27, 2025 |
According to data compiled by Argaam, Al Kathiri issued the first series of SAR-denominated sukuk in March 2023, according to the following details:
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Details of Sukuk |
|
|
Offering Type |
Public offering |
|
Status of Sukuk |
Senior/unsubordinated, unsecured |
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No. of Sukuk Offered |
100,000 |
|
Issue Value |
SAR 100 mln |
|
Offer Price |
SAR 1,000 each |
|
Sukuk Yield |
8.50% per annum (Fixed rate, paid semi-annually) |
|
Maturity |
Five years from settlement date |
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