WAJA starts SAR 2.5M sukuk issue

Logo of Waja Co. 

Waja Co. commenced today, Jan. 12, a SAR-denominated sukuk offering under a private placement under its SAR-denominated sukuk program, according to a statement.

 

The first tranche will be issued in two series with a total value of SAR 2.50 million.

 

Issue Highlights

Type

SAR-denominated sukuk through Sukuk.com

Offering Value

The first tranche will be issued in two series totaling SAR 2.5 million

Start Date

Jan. 12, 2026

End Date

April 29, 2027

Target Investors

To eligible natural and legal persons in the Kingdom of Saudi Arabia and any other relevant jurisdiction where the Sukuk may be lawfully offered.

Minimum Subscription Limit

SAR 1,000 per sak

Issuance Price

Nominal Value

Return

25.71% annually

Annual Yield

14.35%

Maturity

22 months
 

The company clarified that this announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities, noting that it will disclose any other material developments in due course in accordance with the relevant rules and regulations.

 

According to Argaam data, Waja announced last week its intention to issue SAR-denominated sukuk under its program via a private placement, with a total value of SAR 10 million, in line with the terms and conditions to be set out in the offering memorandum.

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