Logo ofIntelligent Oud Trading Co.
Intelligent Oud Trading Co. (iOud) commenced the issuance of SAR-denominated sukuk under its SAR 300 million sukuk issuance program. 
In a statement to Tadawul the company said that the issuance size has been initially set at SAR 50 million. The final issuance size will be determined upon completion of the offer period based on prevailing market conditions at that time.
It added that the sukuk will be offered to retail and institutional investors for subscription within the Kingdom of Saudi Arabia.
Offer Type
Senior, credit-enhanced SAR-denominated sukuk, structured under a Mudaraba/Murabaha format.
Offer Value
SAR 50 mln initially. The final issuance size will be determined upon completion of the offer period based on prevailing market conditions at that time.
Offering Start Date
May 10, 2026
Offering End Date
May 14, 2026
Target Classes
Retail and institutional investors within Saudi Arabia.
Name of Issuance Manager
Impact46 Capital: Financial Advisor and Sole Arranger
Receiving Agents
SNB Capital, Al Rajhi Capital, AJB Capital, Derayah Financial, BSF Capital, Alistithmar Capital, Albilad Capital, SAB Invest, ANB Capital, Riyad Capital, Alinma Capital, Musharaka Capital, Sukuk Capital, EFG Hermes, Yaqeen Capital, Alkhabeer Capital, and Arat Capital
Minimum Limit
One sak (SAR 1,000)
Offering Price
SAR 1000 per sak
Par Value
SAR 1,000
Return
10.50% per annum, paid semi-annually
Maturity
Five years, with an issuer call option exercisable after 24 months from the issuance date, and at any time thereafter. If the call option is exercised prior to a profit distribution date, accrued profit shall be calculated up to the redemption date in accordance with the TCs.
The sukuk will be redeemed at 100% of the aggregate nominal value of the series on the scheduled maturity date, and may be redeemed earlier in the circumstances described in the TCs.
The company also noted that it will treat the sukuk as capital for Zakat purposes throughout the period during which the sukuk are outstanding and will accordingly include the nominal value of the sukuk within its Zakat base for the payment of any Zakat due.
Logo ofIntelligent Oud Trading Co.
Intelligent Oud Trading Co. (iOud) commenced the issuance of SAR-denominated sukuk under its SAR 300 million sukuk issuance program.
In a statement to Tadawul the company said that the issuance size has been initially set at SAR 50 million. The final issuance size will be determined upon completion of the offer period based on prevailing market conditions at that time.
It added that the sukuk will be offered to retail and institutional investors for subscription within the Kingdom of Saudi Arabia.
Offer Type
Senior, credit-enhanced SAR-denominated sukuk, structured under a Mudaraba/Murabaha format.
Offer Value
SAR 50 mln initially. The final issuance size will be determined upon completion of the offer period based on prevailing market conditions at that time.
Offering Start Date
May 10, 2026
Offering End Date
May 14, 2026
Target Classes
Retail and institutional investors within Saudi Arabia.
Name of Issuance Manager
Impact46 Capital: Financial Advisor and Sole Arranger
Receiving Agents
SNB Capital, Al Rajhi Capital, AJB Capital, Derayah Financial, BSF Capital, Alistithmar Capital, Albilad Capital, SAB Invest, ANB Capital, Riyad Capital, Alinma Capital, Musharaka Capital, Sukuk Capital, EFG Hermes, Yaqeen Capital, Alkhabeer Capital, and Arat Capital
Minimum Limit
One sak (SAR 1,000)
Offering Price
SAR 1000 per sak
Par Value
SAR 1,000
Return
10.50% per annum, paid semi-annually
Maturity
Five years, with an issuer call option exercisable after 24 months from the issuance date, and at any time thereafter. If the call option is exercised prior to a profit distribution date, accrued profit shall be calculated up to the redemption date in accordance with the TCs.
The sukuk will be redeemed at 100% of the aggregate nominal value of the series on the scheduled maturity date, and may be redeemed earlier in the circumstances described in the TCs.
The company also noted that it will treat the sukuk as capital for Zakat purposes throughout the period during which the sukuk are outstanding and will accordingly include the nominal value of the sukuk within its Zakat base for the payment of any Zakat due.
