AI Summary
Logo of Waja Co.
Waja Co. commenced today, Jan. 12, a SAR-denominated sukuk offering under a private placement under its SAR-denominated sukuk program, according to a statement.
The first tranche will be issued in two series with a total value of SAR 2.50 million.
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Issue Highlights |
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Type |
SAR-denominated sukuk through Sukuk.com |
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Offering Value |
The first tranche will be issued in two series totaling SAR 2.5 million |
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Start Date |
Jan. 12, 2026 |
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End Date |
April 29, 2027 |
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Target Investors |
To eligible natural and legal persons in the Kingdom of Saudi Arabia and any other relevant jurisdiction where the Sukuk may be lawfully offered. |
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Minimum Subscription Limit |
SAR 1,000 per sak |
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Issuance Price |
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Nominal Value |
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Return |
25.71% annually |
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Annual Yield |
14.35% |
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Maturity |
22 months |
The company clarified that this announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities, noting that it will disclose any other material developments in due course in accordance with the relevant rules and regulations.
According to Argaam data, Waja announced last week its intention to issue SAR-denominated sukuk under its program via a private placement, with a total value of SAR 10 million, in line with the terms and conditions to be set out in the offering memorandum.
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