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Almarai said issue value will be determined after offering period
Almarai Co. announced today, Sept. 16, the launch of USD-denominated sukuk, under its $2 billion Trust Certificate Issuance Program, according to a statement to Tadawul.
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The issuance value will be determined later based on market conditions at that time.
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Issuance Details |
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Type |
US dollar-denominated sukuk |
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Offering Amount |
Will be determined later based on market conditions |
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Start Date |
Sept. 16, 2025 |
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End Date |
Sept. 17, 2025 |
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Target Investors |
Qualified investors in Saudi Arabia and overseas |
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Issuance Manager |
Citigroup, Dubai Islamic Bank, Emirates NBD, HSBC, JP Morgan, and Standard Chartered Bank as joint lead managers |
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Minimum Subscription Value |
$200,000 with integral multiples of $1,000 |
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Offering price |
Subject to market conditions |
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Nominal Value |
$200,000 |
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Return |
Subject to market conditions |
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Maturity |
Subject to market conditions |
According to data available on Argaam, Almarai announced on Sept. 15 its plan to offer USD-denominated sukuk under its $2 billion Trust Certificate Issuance Program, updated by the company on Sept. 15.
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