WAJA issues SAR-denominated sukuk

Logo of WAJA Co.

WAJA Co. launched its issuance of SAR-denominated sukuk worth SAR 70 million, in a private placement under its SAR-denominated sukuk program, according to a statement to Tadawul.

Details
Issue Type	A private placement of SAR-denominated sukuk
Issue Value	SAR 10 mln
Start Date	Feb. 12, 2025
Expiry Date	Feb. 26, 2025 (expected date, subject to market conditions)
Target Participants	Qualified and legal persons
Issue Manager	The company appointed Manafea Capital as the financial advisor and sole arrangement manager for the purposes of establishing the potential program and issuing and offering sukuk under it
Subscription Minimum Limit	SAR 1,000
Offer Price	As detailed in the Basic Offer Document and the applicable final conditions related to the sukuk
Par Value	SAR 1,000
Return	As detailed in the Basic Offer Document and the applicable final conditions related to the sukuk
Maturity	24 months (subject to early redemption as specified in the Basic Offer Document and applicable final conditions related to the sukuk)
Redemption Terms	As detailed in the Basic Offer Document and the applicable final conditions related to the sukuk

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WAJA stressed the importance of carefully and thoroughly reviewing the basic prospectus before making any investment decision related to subscribing to sukuk, noting that this announcement does not constitute an invitation or offer to buy, own or subscribe to any securities.

The company will announce any other material developments in a timely manner in accordance with the relevant laws and regulations.

The company announced, in October 2024, intending to issue SAR-denominated sukuk worth SAR 70 million, in a private placement under its SAR-denominated sukuk program. Issue proceeds will be used for business public purposes, according to data available with Argaam.

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