Takween plans SAR 650M local Sukuk program

19/10/2025 Argaam
Logo ofTakween Advanced Industries Co.

Logo of Takween Advanced Industries Co.

Takween Advanced Industries Co. is planning to establish a SAR-denominated sukuk program to issue local Shariah-compliant sukuk worth SAR 650 million, according to a statement to Tadawul.

 

The company said its board appointed today, Oct. 19, Sukuk Capital Co. as financial advisor for the public and private sukuk offerings. 

 

Details

Description

Type of issuance

Establishment of SAR-denominated local sukuk program  

Program value

SAR 650 million

Purpose

To support working capital and operational activities of the company and its subsidiaries, finance expansion projects, and achieve strategic objectives
 

The sukuk issuance is subject to the approval of the competent authority and will be offered in compliance with the relevant laws and regulations.

 

The company will announce any other relevant material developments to its shareholders in due course, the statement added.

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