Logo of Rawasi Albina Investment Co.
Rawasi Albina Investment Co. issued today, Feb. 9, the prospectus for its planned SAR-denominated sukuk issuance, as per the Shariah-compliant local sukuk program, at SAR 500 million.
Through the offering, the company seeks to achieve its general commercial purposes, whole also meeting its financial and strategic objectives.
The Capital Market Authority (CMA) approved, on Jan. 7, the request filed by Rawasi Albina for the registration and public offering of debt instruments under a program of no more than SAR 500 million.
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Details |
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Issuer |
Rawasi Albina Investment Co. |
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Market Value |
The aggregate nominal amount of the sukuk issue should not exceed SAR 500 mln, under the program |
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Target Participants |
Qualified persons, as follows: - Resident natural persons - Resident legal persons - Qualified foreign investors |
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Maximum Sukuk Per Subscriber |
500 sukuk (each being of SAR 1,000 denomination) |
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Maximum Subscription Value |
The maximum value shall not exceed the aggregate nominal amount of all sukuk offered for subscription |
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Minimum Sukuk Per Subscriber |
5 Sukuk |
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Minimum Subscription Value |
SAR 5,000 (equal to five Sukuk) |
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Offer Period |
The period of each tranche will be specified in the applicable final terms |
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Expiry Date |
The maturity date of each issuance series will be specified in the applicable final terms issued under each respective issue |
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Currency |
Saudi Riyal |
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Financial Advisor & Sole Arranger |
Al Khair Capital |
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Receiving Entities |
Derayah Financial, Al Rajhi Capital, SNB Capital, Saudi Fransi Capital, Riyad Capital, ANB Capital, Alistithmar Capital, Albilad Capital, AlJazira Capital, Sukuk Capital, Alkhabeer Capital, SAB Invest, Sahm Capital, Alinma Investment, Yaqeen Capital |
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