Nomu-listed fresh produce retailer Leen Alkhair is teeing up a SAR 20 mn debt sale, according to a filing to the exchange. The murabaha sukuk, which is pending regulatory approval, will be issued under the firm’s Murabaha Sukuk Program, with the prospectus set to be published at a later stage.

Use of proceeds: The company will use the proceeds to shore up liquidity for its working capital needs and operational expansion plans.

ADVISORS- Leen Alkhair tapped Dinar Investment as the sole arranger on the transaction.

ICYMI- The move comes on the heels of a SAR 6 mn sukuk issuance last week by fellow Nomu-listed firm Aictec in a transaction that’s also being arranged by Dinar Investment — a sign that debt is slowly gaining traction as a funding tool on the parallel market.

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