Rawasi Albina Investment Co. announces its intention to establish a Saudi Riyals denominated Sukuk Programme to issue local Sharia-compliant Sukuk in Saudi Riyals
Local Sukuk Issuance Programme denominated in Saudi Riyals that is Compliant with the provisions of Islamic law.
2022-11-13 Corresponding to 1444-04-19
500 million Saudi Riyals
For the company's general corporate purposes, and to meet its financial objectives and strategies.
Sukuk offering is subject to the approval of the competent authority, and it will be offered in compliance with the relevant laws and regulations.
The Board of Directors appoints Al-Khair Capital as an advisor for the process of issuing and offering sukuks (public offering).
As we wish to state the following: -
- This announcement does not constitute an invitation or an offer to buy, own or subscribe to any financial securities.
- The company will announce to its esteemed shareholders any other material developments in due course.
- Any offering of the Sukuk will be limited to Qualified Investors in the countries in which the Offering will take place, in accordance with the rules and regulations specific to those countries.
Source: Saudi Exchange