Logo of Aqaseem Factory for Chemicals and Plastics Co.
Aqaseem Factory for Chemicals and Plastics Co. set the annual return on its SAR-denominated sukuk at 10%, with payments to be made on a semi-annual basis.
According to data compiled by Argaam, Aqaseem recently announced plans to issue the sukuk through a public offering.
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The market value of the offering was initially set at SAR 50 million, with the final value to be determined after the end of the offering based on market conditions.
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