Aqaseem releases prospectus for SAR 500M sukuk issue

Logo of Aqaseem Factory for Chemicals and Plastics Co.

Aqaseem Factory for Chemicals and Plastics Co. issued today, April 16, the prospectus for the issuance of sukuk worth SAR 500 million.

 

The company will use the net proceeds from each tranche of its sukuk program accordingly. The first SAR 50 million tranche will cover capital and operating expenses, support new business activities, and fund acquisitions aligned with its expansion strategy and business model.

 

For More IPOs

 

Last January, the Capital Market Authority (CMA) approved the company's application for the registration and public offering of debt instruments under the program.

 

Details of Sukuk Issue

Issuer

Aqaseem Factory for Chemicals and Plastics Co.

Market Value

SAR 500 mln

Target Participants

Qualified persons

Maximum Sukuk Per Subscriber

500,000

Maximum Subscription Value

The maximum value shall not exceed the aggregate nominal amount of all sukuk offered for subscription

Minimum Sukuk Per Subscriber

 5 Sukuk

Minimum Subscription Value

SAR 5,000

Offer Period

The period of each tranche will be specified in the applicable final terms

Expiry Date

The maturity date of each issuance series will be specified in the applicable final terms issued under each respective issue

Currency

Saudi Riyal

Financial Advisor & Sole Arranger

Al Khair Capital

Receiving Entities

Derayah Financial, Riyad Capital, SNB Capital, ANB Capital, Saudi Fransi Capital, Al Rajhi Capital, Albilad Capital, AlJazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Alinma Investment, Alistithmar  Capital, Sukuk Capital.

 

The company launched a SAR-denominated sukuk program in May 2024 to support general corporate purposes and meet its financial and strategic goals, according to Argaam’s data.

 

To view Prospectus

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