AI Summary
Leen Alkhair filed a complaint with the CMA after Dinar Investment unilaterally and unexpectedly canceled its sukuk issue
Leen Alkhair Trading Co. filed today, Nov. 18, a complaint with the Capital Market Authority (CMA) against Dinar Investment Co., under No. (16264/2025).
In a statement to Tadawul, the company said the complaint was submitted after Dinar Investment unilaterally and unexpectedly canceled Leen Alkhair’s sukuk offering.
It added that the company also halted the transfer of the amounts collected from subscribers during the sukuk issuance, in violation of the arrangement agreement.
Any further developments regarding this matter in due course, it noted.
According to data available with Argaam, Leen Alkhair had launched a SAR-denominated sukuk offering under its SAR 20 million Murabaha Sukuk Program, via Dinar Investment’s e-platform, starting from Oct. 23. The offer value was determined at SAR 10 million.
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Details |
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Type |
SAR-denominated Murabaha sukuk, through an offering via Dinar Investment — licensed by the CMA under license number 24281-37. |
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Value |
SAR 10 mln |
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Start Date |
Oct. 23, 2025 |
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End Date |
Dec. 7, 2025 |
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Target Investors |
Natural and legal persons, registered on the Dinar Investment platform |
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Issuance Manager |
Dinar Investment was appointed as the sole arranger for the sukuk issuance |
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Minimum Subscription Value |
SAR 1,000 |
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Offer Price |
SAR 1,000 each |
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Nominal Value |
SAR 1,000 each |
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Maturity |
3 months, 6 months, 9 months,12 months,15 months,18 months, 21 months, 24 months, 27 months and 30 months |
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