AI Summary
Logo of Raya Financing
The Saudi Exchange (Tadawul) announced today, Feb. 23, the listing and trading of Raya Additional Tier 1 Capital Sukuk starting on Wednesday, Feb. 25, with the symbol 5024 and ISIN Code SA16H00IEG39.
According to data available with Argaam, Impact46, the financial advisor and sole arranger, announced on Feb. 18, completing Raya’s public offering of its first sukuk issuance.
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Issuance Details |
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Issuance Type |
AT1 capital sukuk |
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Issuer Rating |
Fitch (-BBB) on the national scale |
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Offering Type |
Public offering |
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Tradability |
Tradable on TASI |
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Target Investors |
Retail investors and corporates |
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Issuance Size |
SAR 300 mln |
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Annual Return |
Payable quarterly at 8.5% |
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Nominal Value |
SAR 1,000 per certificate |
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Period |
Perpetual sukuk, callable by the issuer after five years and on each subsequent distribution date if not redeemed on the first call date |
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Minimum Subscription Limit |
SAR 1,000 per certificate |
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Zakat |
Deductible capital |
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Offering Start Date |
Feb. 19, 2026 |
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Margin |
5% annually, the profit rate for any reset period shall be calculated based on the margin, plus the relevant reset rate |
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