Alqemam plans SAR 10M Murabaha sukuk offering in 20 tranches

10:47 AM (Mecca time) Argaam- Nomu
Logo ofAlqemam for Computer Systems Co.

Logo of Alqemam for Computer Systems Co.

Alqemam for Computer Systems Co. intends to issue SAR-denominated Murabaha sukuk under its Murabaha sukuk program.

 

The company stated in a statement on Tadawul that it appointed Afaq Capital as the sole arranger to establish, issue, and offer the sukuk.

 

The program, valued at SAR 10 million, will be offered in 20 tranches, with the first tranche worth SAR 500,000.

 

The sukuk will be issued via Afaq Capital’s authorized online platform, regulated by the Capital Market Authority (CMA) for debt and investment instruments.

 

The offering aims to support the company’s projects, it highlighted.

 

This announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities, and any material updates will be disclosed in accordance with applicable rules and regulations.

 

Investors can access the sukuk issuance prospectus on Afaq Capital’s website and are advised to read it carefully in full before making any investment decisions related to the subscription.

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