Alqemam completes 2nd tranche of SAR 4M sukuk issue

Logo of Alqemam for Computer Systems Co.

Alqemam for Computer Systems Co. announced the completion of the second tranche of its SAR-denominated sukuk, via the electronic platform of Sukuk Capital Co., at a total value of SAR 4 million, according to a Tadawul statement.

 

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The total number of sukuk stood at 4,000 based on the minimum subscription limit and the total issuance size, at a par value of SAR 1,000 each.

 

The company recently started issuing the second tranche of its SAR-denominated sukuk on June 25, at a total value of SAR 4 million, according to data available with Argaam.

 

The company announced its plan to issue SAR-denominated Murabaha sukuk, with the first tranche worth SAR 3 million issued on May 15, 2023.

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