Logo ofAl-Modawat Specialized Medical Co.
Al-Modawat Specialized Medical Co. announced its intention to issue SAR-denominated Islamic sukuk worth SAR 30 million under its sukuk issuance program through a private placement, in accordance with the terms and conditions to be specified in the offering circular. 
In a statement on Saudi Exchange (Tadawul), the company said the issuance aims to strengthen working capital, noting that it appointed Sukuk Capital Co. as the sole arranger for establishing, issuing, and offering the sukuk.
The issuance remains subject to obtaining the necessary approvals from the Capital Market Authority (CMA) under the program, the statement noted.
The company added that the move aligns with its strategy to support operating activities, keep pace with accelerating demand growth, and enhance the efficiency and quality of healthcare services, while also strengthening its financial flexibility to create sustainable value for shareholders.
It indicated that the sukuk offering circular will be available later via Sukuk Capital’s website once announced, stressing the importance of reviewing the circular carefully before making any investment decision related to subscribing to the sukuk.
Al-Modawat affirmed it will disclose any further material developments in due course in line with applicable regulations.
Logo ofAl-Modawat Specialized Medical Co.
Al-Modawat Specialized Medical Co. announced its intention to issue SAR-denominated Islamic sukuk worth SAR 30 million under its sukuk issuance program through a private placement, in accordance with the terms and conditions to be specified in the offering circular.
In a statement on Saudi Exchange (Tadawul), the company said the issuance aims to strengthen working capital, noting that it appointed Sukuk Capital Co. as the sole arranger for establishing, issuing, and offering the sukuk.
The issuance remains subject to obtaining the necessary approvals from the Capital Market Authority (CMA) under the program, the statement noted.
The company added that the move aligns with its strategy to support operating activities, keep pace with accelerating demand growth, and enhance the efficiency and quality of healthcare services, while also strengthening its financial flexibility to create sustainable value for shareholders.
It indicated that the sukuk offering circular will be available later via Sukuk Capital’s website once announced, stressing the importance of reviewing the circular carefully before making any investment decision related to subscribing to the sukuk.
Al-Modawat affirmed it will disclose any further material developments in due course in line with applicable regulations.
