AI Summary
SAL says terms, value of the sukuk will be determined based on market conditions
The relevant terms and value will be determined later based on market conditions.
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Issue Highlights |
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Type |
SAR-denominated sukuk in a private placement |
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Offering Value |
Based on market conditions |
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Start Date |
Jan. 13, 2026 |
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End Date |
Jan. 29, 2026 |
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Target Investors |
Institutional and qualified investors |
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Issuance Manager |
J.P. Morgan Saudi Arabia and SNB Capital |
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Minimum Subscription |
SAR 1 mln |
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Offering Price |
Based on market conditions |
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Nominal Value |
SAR 1 mln |
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Return |
Based on market conditions |
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Maturity |
To be determined based on market conditions, subject to early redemption as specified in the base offering circular and the applicable final terms relating to the sukuk. |
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Terms of Redemption |
The company may redeem the sukuk, in certain events, before the expiry date as detailed in the base offering circular and the applicable final terms. |
The company appointed J.P. Morgan Saudi Arabia and SNB Capital as arrangers and dealers for the purpose of the proposed offer.
The statement noted that the mentioned offer end date is provisional and subject to market conditions.
SAL will announce any relevant material developments, as required by the rules and regulations.
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