Obeikan Glass plans to launch SAR 430M local sukuk programs

28/10/2025 Argaam
Obeikan Glass appointed Sukuk Capitalas financial advisor on the issuance of the planned sukuk programs

Obeikan Glass appointed Sukuk Capital as financial advisor on the issuance of the planned sukuk programs

Obeikan Glass Co. intends to launch Shariah-compliant SAR-denominated local sukuk programs.

 

In a statement to Tadawul today, Oct. 28, the company said it has appointed Sukuk Capital as financial advisor on the issuance of the sukuk programs, which will include public, private, and exempt offerings.

 

This followed a decision by the board of directors on Oct. 19.
 

Program Details

Issuance Type

Establishing SAR-denominated local sukuk programs

Program Value

SAR 430 mln

Program Purpose

Supporting the company’s expansion projects and achieve its strategic objectives
 

The company noted that the offering will be carried out in accordance with the applicable laws and regulations, provided obtaining the necessary approvals for each program.

 

It added that this announcement does not constitute an invitation, offer to purchase, acquire, or subscribe for any securities, noting that any material developments will be announced in due course.

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