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.
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Details |
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Issue Type |
A private placement of SAR-denominated sukuk |
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Issue Value |
SAR 10 mln |
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Start Date |
Feb. 12, 2025 |
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Expiry Date |
Feb. 26, 2025 (expected date, subject to market conditions) |
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Target Participants |
Qualified and legal persons |
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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 |
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Subscription Minimum Limit |
SAR 1,000 |
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Offer Price |
As detailed in the Basic Offer Document and the applicable final conditions related to the sukuk |
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Par Value |
SAR 1,000 |
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Return |
As detailed in the Basic Offer Document and the applicable final conditions related to the sukuk |
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Maturity |
24 months (subject to early redemption as specified in the Basic Offer Document and applicable final conditions related to the sukuk) |
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Redemption Terms |
As detailed in the Basic Offer Document and the applicable final conditions related to the sukuk |
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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