The National Shipping Company of Saudi Arabia ( Bahri ) has updated the prospectus for its SAR 3.9 billion sukuk issue.

 

The proceeds will be used to repay a Murabaha (an Islamic financing facility) bridge loan, while the remaining amount will be used for commercial activities, the company said in a statement to Tadawul on Wednesday.

 

The sukuk issue carries a maturity till July 30, 2022, unless it is purchased or cancelled before this date.

 

Subscription, with minimum value of SAR 1 million, is open to institutional investors while retail investors can purchase the sukuk from the Saudi Stock Exchange following its listing, according to the prospectus.

 

Sukuk Issue – Details

National Shipping Company of Saudi Arabia

Manager of sukuk assets

HSBC-- JP Morgan – SAMBA Capital

Arranging the transaction

HSBC

Agent of sukuk shareholders

National Shipping Company of Saudi Arabia

Secretary of sukuk assets

Institutional, retail

Investors

SAR 3,900 mln

Nominal value

One sukuk

Minimum issuance

3,900 sukuk

Maximum

100% of sukuk total value

Issuance  price

SAR

Currency

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request