Alqemam launches SAR 10M Murabaha sukuk issue in 20 tranches

Logo of Alqemam for Computer Systems Co.

Alqemam for Computer Systems Co. announced the commencement of SAR-denominated Murabaha sukuk under its SAR 10 million Murabaha sukuk program.

The company said in a statement on Tadawul that the primary prospectus should be reviewed carefully before making any investment decision related to the sukuk offering, noting that this announcement does not constitute an invitation or an offer to purchase, own, or subscribe.

It will announce any other material developments in due course in accordance with the relevant laws and regulations.

Earlier today, Jan. 18, Alqemam announced it intends to issue SAR-denominated Murabaha sukuk under its Murabaha sukuk program. It appointed Afaq Capital as the sole arranger to establish, issue, and offer the sukuk, according to Argaam data.