Logo ofAqaseem Factory for Chemicals and Plastics Co.
Aqaseem Factory for Chemicals and Plastics Co. willissueSAR-denominated sukuk in a publicplacement, the company said in a statement on Tadawul. 
Details
Issuance Type
SAR-denominatedSeries 1sukuk, offered to the public
Market Value
Initially set at SAR 50 million; final value to bedeterminedafterthe end of theoffering based on market conditions
Offering Period
April 27 to May 8, 2025.
Target Participants
Natural and legal persons entitled to subscribe to sukuk, within Saudi Arabia or any jurisdiction where the sukuk offering is lawful
Lead Managerand Initial Dealer
AlKhair Capital Saudi Arabia
Minimum Sukuk PerSubscriber
Five sukukwith a totalnominal value SAR 5,000
Offering Price
SAR 1,000 percertificate
Par Value
SAR 1,000 percertificate
Return
To be announced no later than April 24, 2025
Maturity
Five years from the settlement date
Redemption Terms
– Fullredemption atthe end of Series1 term
– At maturity, the sukuk will be redeemed at 100% of the total par value of the series
The company said that it will treat the sukuk ascapital. As a result, the nominal value will be included in itsZakatbase to pay the required Zakat.
The sukuk will be listed and traded on the Saudi Exchange (Tadawul). Theywere assigned a ‘BBB-‘credit rating,with a stable outlookbya financialanalysisfirm.
The sukuk areprimary, non-subordinated, unconditional, or guaranteed.Periodic profit distributions are fixed, semiannual,actual/360.
Investors must submit a correctly completed subscription form to the receiving entities or through available channels.
Receivingentities are SNBCapital, Al Rajhi Capital, Saudi Fransi Capital, Riyad Capital, Albilad Investment,AlJaziraCapital,AlistithmarCapital, Derayah Financial, ANB Capital, Alinma Investment, SAB Invest, Yaqeen Capital, Alkhabeer Capital, and Sukuk Capital.
Logo ofAqaseem Factory for Chemicals and Plastics Co.
Aqaseem Factory for Chemicals and Plastics Co. willissueSAR-denominated sukuk in a publicplacement, the company said in a statement on Tadawul.
Details
Issuance Type
SAR-denominatedSeries 1sukuk, offered to the public
Market Value
Initially set at SAR 50 million; final value to bedeterminedafterthe end of theoffering based on market conditions
Offering Period
April 27 to May 8, 2025.
Target Participants
Natural and legal persons entitled to subscribe to sukuk, within Saudi Arabia or any jurisdiction where the sukuk offering is lawful
Lead Managerand Initial Dealer
AlKhair Capital Saudi Arabia
Minimum Sukuk PerSubscriber
Five sukukwith a totalnominal value SAR 5,000
Offering Price
SAR 1,000 percertificate
Par Value
SAR 1,000 percertificate
Return
To be announced no later than April 24, 2025
Maturity
Five years from the settlement date
Redemption Terms
– Fullredemption atthe end of Series1 term
– At maturity, the sukuk will be redeemed at 100% of the total par value of the series
The company said that it will treat the sukuk ascapital. As a result, the nominal value will be included in itsZakatbase to pay the required Zakat.
The sukuk will be listed and traded on the Saudi Exchange (Tadawul). Theywere assigned a ‘BBB-‘credit rating,with a stable outlookbya financialanalysisfirm.
The sukuk areprimary, non-subordinated, unconditional, or guaranteed.Periodic profit distributions are fixed, semiannual,actual/360.
Investors must submit a correctly completed subscription form to the receiving entities or through available channels.
Receivingentities are SNBCapital, Al Rajhi Capital, Saudi Fransi Capital, Riyad Capital, Albilad Investment,AlJaziraCapital,AlistithmarCapital, Derayah Financial, ANB Capital, Alinma Investment, SAB Invest, Yaqeen Capital, Alkhabeer Capital, and Sukuk Capital.
