AI Summary
Logo of Mohammed Hasan AlNaqool Sons Co.
Mohammed Hasan AlNaqool Sons Co. (AlNaqool) announced the start of SAR-denominated Murabaha sukuk issue, under the Murabaha sukuk program, according to a statement to Tadawul.
The program is valued at SAR 10 million, and the first installment will be offered in three issues at a total value of SAR 5 million.
The following table details the offering:
|
Details of Sukuk Issue |
|
|
Offering type |
SAR-denominated sukuk offered on the website of Sukuk Capital that is authorized by the Capital Market Authority to offer and invest in debt instruments |
|
Value |
The program is valued at SAR 10 million, and the first installment will be offered in three issues at a total value of SAR 5 million |
|
Start date |
Feb. 19, 2023 |
|
End date |
March 20, 2023 |
|
Target investors |
Natural and legal persons who are entitled to subscribe to the sukuk in Saudi Arabia |
|
Minimum subscription limit |
One instrument at a nominal value of SAR 1,000 |
|
Offering price |
SAR 1,000 for one instrument |
|
Nominal value |
SAR 1,000 for one instrument |
|
Manager |
Sukuk Capital |
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