Sukuk Aqaseem Factory 1 to debut on Tadawul today

Logo of Aqaseem Factory for Chemicals and Plastics Co.

The Saudi Exchange (Tadawul) announced thatAqaseem Factory for Chemicals and Plastics Co.’s Sukuk Aqaseem Factory 1 will be listed and commence trading today, May 20, under the symbol 5022 and ISIN code SA16A00IEF37.

 

Aqaseem Factory for Chemicals and Plastics Co. completed Series One of its SAR-denominated sukuk issuance, worth SAR 50 million.

 

Details

Issue Type

Series 1 of SAR-denominated sukuk, which will be offered through a public issuance

Issue Value

SAR 50 mln

Total Number of Sukuk

50,000

Par Value

SAR 1,000/certificate

Return

10% per annum payable semi-annually in arrears on each distribution date

Maturity

5 years

Redemption Terms

At the maturity date, May 20, 2030, the sukuk shall be redeemed at 100% of the aggregate nominal value of the series.

 

For More IPOs

 

In a statement to Tadawul, the company said that 6,600 investors subscribed to 108,336 certificates, with a coverage ratio of 216.7%.

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