Logo ofAtlas Elevators General Trading Contracting Co.
Atlas Elevators General Trading Contracting Co. announced the launch of a SAR-denominated sukuk offering through starting from Oct. 19, 2025 until July 1, 2027, according to a statement toTadawul. 
The process will take place through the website of Sukuk Financial Co., which is authorized by the Capital Market Authority (CMA) to create a platform for offering and investing in debt instruments with the aim of expanding the investment activities of the affiliated factory.
The issue value was initially set at SAR 40 million, the statement added, noting that the final value will be determined after the end of the offering period based on market conditions at that time.
The table below shows the details of the offer:
Details
Issue Type
SAR-denominated Murabaha sukuk
Offer Value
Initially set at SAR 40 million, noting that the issue value will be finally determined after the end of the offering period based on market conditions at that time.
Offer Start Date
Oct. 19, 2025
Offer End Date
July 1, 2027
Target Investor Class
The sukuk will be offered to natural and legal persons who are entitled to subscribe for the sukuk, whether within the Kingdom or in any jurisdiction where the sukuk offering is lawful
Issuance Manager
Sukuk Financial Co. was appointed as the sole arranger for the offering and issuance of the Sukuk.
Minimum Subscription Value
SAR 1,000
Offer Price
SAR 1,000/Sak
Nominal Value
SAR 1,000/Sak
Meanwhile, the company clarified that the objective of issuing the sukuk is to expand the investment activities of the Atlas National Elevator Company factory, affiliated with Atlas Elevators, and to relocate the factory to the Second Industrial City in Riyadh.
Establishing an automated escalator factory as the first qualitative escalator and conveyor belt project in the Middle East, as well as adding kitchen, aluminum, glass, electrical panels, fireboxes, and fire-resistant doors.
Logo ofAtlas Elevators General Trading Contracting Co.
Atlas Elevators General Trading Contracting Co. announced the launch of a SAR-denominated sukuk offering through starting from Oct. 19, 2025 until July 1, 2027, according to a statement toTadawul.
The process will take place through the website of Sukuk Financial Co., which is authorized by the Capital Market Authority (CMA) to create a platform for offering and investing in debt instruments with the aim of expanding the investment activities of the affiliated factory.
The issue value was initially set at SAR 40 million, the statement added, noting that the final value will be determined after the end of the offering period based on market conditions at that time.
The table below shows the details of the offer:
Details
Issue Type
SAR-denominated Murabaha sukuk
Offer Value
Initially set at SAR 40 million, noting that the issue value will be finally determined after the end of the offering period based on market conditions at that time.
Offer Start Date
Oct. 19, 2025
Offer End Date
July 1, 2027
Target Investor Class
The sukuk will be offered to natural and legal persons who are entitled to subscribe for the sukuk, whether within the Kingdom or in any jurisdiction where the sukuk offering is lawful
Issuance Manager
Sukuk Financial Co. was appointed as the sole arranger for the offering and issuance of the Sukuk.
Minimum Subscription Value
SAR 1,000
Offer Price
SAR 1,000/Sak
Nominal Value
SAR 1,000/Sak
Meanwhile, the company clarified that the objective of issuing the sukuk is to expand the investment activities of the Atlas National Elevator Company factory, affiliated with Atlas Elevators, and to relocate the factory to the Second Industrial City in Riyadh.
Establishing an automated escalator factory as the first qualitative escalator and conveyor belt project in the Middle East, as well as adding kitchen, aluminum, glass, electrical panels, fireboxes, and fire-resistant doors.
