Logo ofIntelligent Oud Company for Trading (iOud)
Intelligent Oud Company for Trading (iOud) begins trading its credit-enhanced sukuk on the Main Market (TASI) today, May 21, under the symbol 5026 and ISIN Code SA16I00IEH37, at a price of SAR 1,000 per sukuk. 
The sukuk are senior and credit-enhanced, denominated in Saudi riyals, and structured under a Mudaraba/Murabaha framework.
The issuance, valued at SAR 50 million, forms part of the company’s SAR 300 million sukuk issuance program.
The sukuk have a nominal value of SAR 1,000, with a fixed annual return of 10.50% paid semi-annually, and a maturity period of five years.
The company offered the sukuk for public subscription from May 10 to May 14, 2026, targeting both retail and corporate investors in Saudi Arabia.
The issue includes an issuer call option exercisable after 24 months from the issuance date, with full repayment at 100% of face value at maturity. The sukuk will be treated as capital for Zakat purposes throughout their term.
iOud is a Saudi joint stock company established in Riyadh in 2010 and listed on the Nomu parallel market in October 2023.
It operates from its headquarters in Riyadh, with a branch in Dubai, UAE, and its core business includes oud and incense manufacturing, perfume production, and related fragrance oils.
Details
Issue type
First tranche of a principal and credit-enhanced sukuk program denominated in Saudi riyals, structured under a Mudaraba/Murabaha framework and offered via public subscription.
Offering Size
SAR 50 million
Total No. of Sukuk
50,000 sukuk
Nominal Value
SAR 1,000 per sukuk
Return
Fixed annual return of 10.50%, paid semi-annually
Maturity
5 years from the issuance date (May 20, 2026), with an issuer call option exercisable after 24 months from the issuance date and at any time thereafter, subject to final terms
Redemption Terms
At maturity on May 20, 2031, the sukuk will be redeemed at 100% of their nominal value, subject to any early purchase, cancellation, or early redemption in accordance with the final terms.
Logo ofIntelligent Oud Company for Trading (iOud)
Intelligent Oud Company for Trading (iOud) begins trading its credit-enhanced sukuk on the Main Market (TASI) today, May 21, under the symbol 5026 and ISIN Code SA16I00IEH37, at a price of SAR 1,000 per sukuk.
The sukuk are senior and credit-enhanced, denominated in Saudi riyals, and structured under a Mudaraba/Murabaha framework.
The issuance, valued at SAR 50 million, forms part of the company’s SAR 300 million sukuk issuance program.
The sukuk have a nominal value of SAR 1,000, with a fixed annual return of 10.50% paid semi-annually, and a maturity period of five years.
The company offered the sukuk for public subscription from May 10 to May 14, 2026, targeting both retail and corporate investors in Saudi Arabia.
The issue includes an issuer call option exercisable after 24 months from the issuance date, with full repayment at 100% of face value at maturity. The sukuk will be treated as capital for Zakat purposes throughout their term.
iOud is a Saudi joint stock company established in Riyadh in 2010 and listed on the Nomu parallel market in October 2023.
It operates from its headquarters in Riyadh, with a branch in Dubai, UAE, and its core business includes oud and incense manufacturing, perfume production, and related fragrance oils.
Details
Issue type
First tranche of a principal and credit-enhanced sukuk program denominated in Saudi riyals, structured under a Mudaraba/Murabaha framework and offered via public subscription.
Offering Size
SAR 50 million
Total No. of Sukuk
50,000 sukuk
Nominal Value
SAR 1,000 per sukuk
Return
Fixed annual return of 10.50%, paid semi-annually
Maturity
5 years from the issuance date (May 20, 2026), with an issuer call option exercisable after 24 months from the issuance date and at any time thereafter, subject to final terms
Redemption Terms
At maturity on May 20, 2031, the sukuk will be redeemed at 100% of their nominal value, subject to any early purchase, cancellation, or early redemption in accordance with the final terms.
