Logo ofAqaseem Factory for Chemicals and Plastics Co.
The Saudi Exchange (Tadawul) announced thatAqaseem Factory for Chemicals and Plastics Co.’sSukuk Aqaseem Factory 1will be listed and commence trading, today, May 20, under the symbol 5022 and ISIN code SA16A00IEF37. 
Aqaseem Factory for Chemicals and Plastics Co.completed Series One of its SAR-denominated sukuk issuance, worth SAR 50 million.
Details
Issue Type
Series 1 ofSAR-denominated sukuk, which will be offered through a public issuance
Issue Value
SAR 50mln
Total Number of Sukuk
50,000
Par Value
SAR 1,000/certificate
Return
10% per annum payable semi-annually in arrears on each distribution date
Maturity
5 years
Redemption Terms
At the maturity date, May 20, 2030, the sukukshallbe redeemed at 100% of the aggregate nominalvalueof the series.
In a statement toTadawul, the company said that 6,600 investors subscribed to 108.336 certificates, with a coverage ratio of 216.7%.
Logo ofAqaseem Factory for Chemicals and Plastics Co.
The Saudi Exchange (Tadawul) announced thatAqaseem Factory for Chemicals and Plastics Co.’sSukuk Aqaseem Factory 1will be listed and commence trading, today, May 20, under the symbol 5022 and ISIN code SA16A00IEF37.
Aqaseem Factory for Chemicals and Plastics Co.completed Series One of its SAR-denominated sukuk issuance, worth SAR 50 million.
Details
Issue Type
Series 1 ofSAR-denominated sukuk, which will be offered through a public issuance
Issue Value
SAR 50mln
Total Number of Sukuk
50,000
Par Value
SAR 1,000/certificate
Return
10% per annum payable semi-annually in arrears on each distribution date
Maturity
5 years
Redemption Terms
At the maturity date, May 20, 2030, the sukukshallbe redeemed at 100% of the aggregate nominalvalueof the series.
In a statement toTadawul, the company said that 6,600 investors subscribed to 108.336 certificates, with a coverage ratio of 216.7%.
