{"id":96134,"date":"2025-04-17T00:00:00","date_gmt":"2025-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/17\/aqaseem-launches-sar-50-mn-sukuk-offering\/"},"modified":"2025-04-17T00:00:00","modified_gmt":"2025-04-17T00:00:00","slug":"aqaseem-launches-sar-50-mn-sukuk-offering","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/17\/aqaseem-launches-sar-50-mn-sukuk-offering\/","title":{"rendered":"Aqaseem launches SAR 50 mn sukuk offering"},"content":{"rendered":"

<\/strong>Aqaseem kicks off sukuk sale:<\/strong> Nomu-listed Aqaseem Factory for Chemicals and Plastics published a prospectus (pdf)<\/a> for its SAR 50 mn sukuk issuance \u2014 its first public debt sale under a SAR 500 mn LCY borrowing program, it said in a filing<\/a> to the bourse. The car oil manufacturer lined up Capital Market Authority approval<\/a> to launch the program back in January. <\/p>\n

Books open next week:<\/strong> The offering will be open to both retail and institutional investors within and outside the Kingdom starting Sunday, 27 April through to Thursday, 8 May with a minimum subscription of five units each at a par value of SAR 1k. <\/p>\n

About the offering:<\/strong> The five-year sukuk will be redeemed at par, with a fixed, semi-annual return to be announced by Thursday, 24 April. The issuance is rated BBB with a stable outlook, and classified as primary, non-subordinated, and unconditional. <\/p>\n

Use of proceeds: <\/strong>Proceeds from the sukuk sale will be used to fund capital and operational expenses, launch new business activities, and acquire new facilities. The funds will be deployed through a mix of mudaraba and murabaha strictures. <\/p>\n

ADVISORS- <\/strong>The firm tapped Alkhair Capital as its lead arranger for the offering. Receiving agents include Al Ahli Capital, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital and Derayah Financial among others. <\/p>\n","protected":false},"excerpt":{"rendered":"

This is the firm\u2019s first sukuk tranche under a SAR 500 mn program<\/p>\n","protected":false},"author":1,"featured_media":96135,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[4177,57,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-aqaseem","tag-debt-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"3496cead-4e77-40cc-8dde-40489a196091","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/1107.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aqaseem launches SAR 50 mn sukuk offering","related_issue":[96124],"teaser":"This is the firm\u2019s first sukuk tranche under a SAR 500 mn program","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.31592d3e-94b2-40cb-99be-81b60b735a1a.mp3"},"yoast_head":"\nAqaseem launches SAR 50 mn sukuk offering - 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