Saudi Cable plans SAR 300M sukuk issuance

26/11/2025 Argaam
Saudi Cable says the sukuk proceeds will support financial and strategic restructuring

Saudi Cable says the sukuk proceeds will support financial and strategic restructuring

Saudi Cable Co.’s board of directors approved, on Nov. 24, the issuance of SAR 300 million sukuk (non-convertible to shares) through a Sharia-compliant structure combining Murabaha and Mudaraba.

 

The move is part of its financial and strategic restructuring, aimed at refinancing its current obligations, as well as supporting its growth and operational stability, the company said in a statement to Tadawul.

 

The sukuk issuance is subject to the approval of the relevant regulatory authorities and will be carried out in accordance with all applicable laws and regulations.

 

The company added that its request to raise its capital by SAR 400 million through a rights issue, previously announced on Tadawul, is still under review by the Capital Market Authority (CMA).

 

Any material developments regarding the request will be announced in due course, the statement said.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.