Molan Steel eyes SAR-denominated Sukuk worth SAR 20M

09/03/2025 Argaam
Logo of Molan Steel Co.

Logo of Molan Steel Co.

Molan Steel Co. is planning to issue Sukuk denominated in Saudi Riyal at a value of SAR 20 million, according to a statement to Tadawul.

 

The company appointed Afaq Financial as the sole arranger for the establishment, issuance, and offering of the Sukuk in its platform.

 

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The Sukuk issue is aimed to finance the company’s investment and operational needs. The company will obtain through the arranger the necessary approvals from the Capital Market Authority prior to the issuance of the Sukuk under the Program.

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