Al-Khodari​ ​​mulls​ ​Sukuk​ ​issuance

Abdullah Al-Khodari Sons Company's board of directors recommended on Sunday the amendment of its Capital and Shares Bylaw in order to be able to issue Sukuk, the company said in a statement to Tadawul, Saudi Arabia’s bourse.

The recommendation will enable the company to issue Sukuk, or Islamic bonds, whenever possible.

“The value of the new Sukuk and the remaining unrepaid amount of existing Sukuk must not exceed the paid capital of the company,” it added.

The company will announce the shareholders’ resolution concerning the amendment of the said article after its general assembly meeting​,​which will be held at a later date.