Al Naqool issues SAR-denominated Murabaha sukuk

Logo of Mohammed Hasan AlNaqool Sons Co. 

Mohammed Hasan AlNaqool Sons Co. (Al Naqool) announced the start of SAR-denominated Murabaha sukuk issue, under the Murabaha sukuk program, according to a statement to Tadawul.

 

The program is valued at SAR 10 million, and the first installment will be offered in three issues at a total value of SAR 5 million.

 

The following table details the offering:

 

Details of Sukuk Issue

Offering type

SAR-denominated sukuk offered on the website of Sukuk Capital that is authorized by the Capital Market Authority to offer and invest in debt instruments

Value

The program is valued at SAR 10 million, and the first installment will be offered in three issues at a total value of SAR 5 million

Start date

Feb. 19, 2023

End date

March 20, 2023

Target investors

Natural and legal persons who are entitled to subscribe to the sukuk in Saudi Arabia

Minimum subscription limit

One instrument at a nominal value of SAR 1,000

Offering price

SAR 1,000 for one instrument

Nominal value

SAR 1,000 for one instrument

Manager

Sukuk Capital
 

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