Logo ofAqaseem Factory for Chemicals and Plastics Co.
Aqaseem Factory for Chemicals and Plastics Co. issued today, April 16, the prospectus for the issuance of sukuk worth SAR 500 million. 
The company said it will use the net proceeds from each tranche of its sukuk program accordingly. The first SAR 50 million tranche will cover capital and operating expenses, support new business activities, and fund acquisitions aligned with its expansion strategy and business model.
The Capital Market Authority (CMA) approved the company’s application for the registration and public offering of debt instruments under the program last January.
Details
Issuer
Aqaseem Factory for Chemicals and Plastics Co.
Market Value
SAR 500 mln
Target Participants
Qualified persons
Maximum Sukuk Per Subscriber
500k sukuk
Maximum Subscription Value
The maximum value shall not exceed the aggregate nominal amount of all sukuk offered for subscription
Minimum Sukuk Per Subscriber
5 Sukuk
Minimum Subscription Value
SAR 5,000
Offer Period
The period of each tranche will be specified in the applicable final terms
Expiry Date
The maturity date of each issuance series will be specified in the applicable final terms issued under each respective issue
Currency
Saudi Riyal
Financial Advisor Sole Arranger
Al Khair Capital
Receiving Entities
Derayah Financial, Riyad Capital, SNB Capital, ANB Capital, Saudi Fransi Capital, Al Rajhi Capital, Albilad Capital, AlJazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Alinma Investment, Alistithmar Capital, Sukuk Capital.
The company launched a SAR-denominated sukuk program in May 2024 to support general corporate purposes and meet its financial and strategic goals, according to Argaam’s data.
Logo ofAqaseem Factory for Chemicals and Plastics Co.
Aqaseem Factory for Chemicals and Plastics Co. issued today, April 16, the prospectus for the issuance of sukuk worth SAR 500 million.
The company said it will use the net proceeds from each tranche of its sukuk program accordingly. The first SAR 50 million tranche will cover capital and operating expenses, support new business activities, and fund acquisitions aligned with its expansion strategy and business model.
The Capital Market Authority (CMA) approved the company’s application for the registration and public offering of debt instruments under the program last January.
Details
Issuer
Aqaseem Factory for Chemicals and Plastics Co.
Market Value
SAR 500 mln
Target Participants
Qualified persons
Maximum Sukuk Per Subscriber
500k sukuk
Maximum Subscription Value
The maximum value shall not exceed the aggregate nominal amount of all sukuk offered for subscription
Minimum Sukuk Per Subscriber
5 Sukuk
Minimum Subscription Value
SAR 5,000
Offer Period
The period of each tranche will be specified in the applicable final terms
Expiry Date
The maturity date of each issuance series will be specified in the applicable final terms issued under each respective issue
Currency
Saudi Riyal
Financial Advisor Sole Arranger
Al Khair Capital
Receiving Entities
Derayah Financial, Riyad Capital, SNB Capital, ANB Capital, Saudi Fransi Capital, Al Rajhi Capital, Albilad Capital, AlJazira Capital, Yaqeen Capital, Alkhabeer Capital, SAB Invest, Alinma Investment, Alistithmar Capital, Sukuk Capital.
The company launched a SAR-denominated sukuk program in May 2024 to support general corporate purposes and meet its financial and strategic goals, according to Argaam’s data.
