Development Food intends to issue Offering Murabaha sukuk ‎through the Dinar platform denominated in riyals

The Development Works Food Co. Intends to register and offer Murabaha Sukuk denominated in Saudi Riyals (the “Sukuk”) under the Sukuk issuance program to finance the working capital and capital expansions of the company (the “Program”) established by the Company on 06/16/1444H (corresponding to 01/2023). /09 AD), and the company announces its intention to issue sukuk under the program and offer them through the Dinar Investment Company platform.

The company has also appointed Dinar Investment Company as the sole arranging manager, for the purposes of establishing the program and issuing and offering sukuk under it.

The issuance of sukuk is conditional on the CMA’s approval of the company’s request to register and offer sukuk under the program.

The approval of Dinar Investment Company was issued on 06/16/1444 AH (corresponding to 09/01/2023 AD) on the company’s request to offer sukuk on the Dinar platform.

The company announces that it has published the basic prospectus for the sukuk, which can be viewed on the website of the sole arrangement manager, Dinar Investment Company (https://www.dinar.sa).

The company stresses the importance of reading the prospectus carefully and completely before making any investment decision related to subscribing to sukuk.

This announcement does not constitute an invitation or offer to buy, own or subscribe for any securities. The company will announce any other material developments in a timely manner in accordance with the relevant laws and regulations.