Future Vision eyes SAR 3M Sukuk offering

Logo of Future Vision for Health Training Co.

Future Vision for Health Training Co. plans to issue SAR-denominated Sukuk worth SAR 3 million under an SAR-denominated Sukuk issuance program and offer them through a private placement, according to a statement to Tadawul.

The company said it appointed Asbar Capital as financial adviser and sole arranger to establish the proposed program and arrange the issuance and offering of the sukuk under the program.

The proceeds will be used for general corporate purposes, it added.

Through the arranger, the company will obtain the necessary approvals from the Capital Market Authority (CMA) before offering the Sukuk under the program.

The company urged investors to carefully review the base offering circular in full before making any investment decision regarding the subscription for the Sukuk. It said the announcement does not constitute an invitation or offer to purchase, acquire, or subscribe for any securities.

The company will announce any further material developments in due course in accordance with applicable laws and regulations.