Sukuk Aqaseem Factory 1 to debut on Tadawul today

20/05/2025 Argaam
Logo ofAqaseem Factory for Chemicals and Plastics Co.

Logo of Aqaseem Factory for Chemicals and Plastics Co.

The Saudi Exchange (Tadawul) announced thatAqaseem 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.

 

For More IPOs

 

In a statement to Tadawul, the company said that 6,600 investors subscribed to 108,336 certificates, with a coverage ratio of 216.7%.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.