Al Kathiri says yield on Sukuk Series 1 distributed

01/10/2023 Argaam
Logo ofAl Kathiri Holding Co.

Logo of Al Kathiri Holding Co. 

Al Kathiri Holding Co. said that the yield on the first semi-annual distribution of its Sukuk Series 1 for the period ended Sept. 30, 2023, stood at SAR 4.34 million.

 

First Semi-Annual Sukuk Yield

Total yield

SAR 4.34 mln

Number of eligible Sukuk

100,000

Yield per each instrument

SAR 43.44

Number of days in the coupon

184 days

Record date

Sept. 18, 2023

Payment date

Sept. 28, 2023

 

According to data compiled by Argaam, Al Kathiri issued the first series of SAR-denominated sukuk for individual and institutional investors in March, according to the following details:

 

Details of Sukuk

Offering Type

Public offering

Status of Sukuk

Senior/unsubordinated, unsecured

Number of Sukuk Offered

100,000

Issue Size

SAR 100 mln

Offer Price

SAR 1,000 each

Sukuk Yield

8.50% per annum (Fixed rate, paid semi-annually)

Maturity

Five years from settlement date

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