Al kathiri to issue sukuk worth SR100 mln

Al Kathiri Holding Company announced the period for issuing sukuk and the subscription period for institutions and individuals. Where the sukuk will be offered through a special purpose facility, which is the Kathiri sukuk established under the license of the Capital Market Authority No. (SPE00034) dated 05/12/1443 AH (corresponding to 12/16/2021 AD) by Al Kathiri Holding (“The Sponsor”). ), where it was decided that the offering start date will be 08-20-1444 corresponding to 03-12-2023, while the offering-end date will be 09-1444 corresponding to 03-23-2023.

The company said in a statement today on “Tadawul” that the value of the issue was determined at an amount of (100,000,000) riyals.

The sukuk will be offered to natural and legal persons who are entitled to subscribe to the sukuk, whether within the Kingdom of Saudi Arabia or in any jurisdiction where the issuance of sukuk is legal.

Al-Kathiri Holding Company appointed Al-Khair Capital Saudi Arabia as a financial advisor and arrangement manager in connection with the offering and issuance of sukuk.

Additional information:

The minimum subscription is five sukuk, with a nominal value of (5,000) Saudi riyals.

For more details, please see the basic prospectus prepared for the sukuk.

The offer price (sukuk / bond) is (1,000) Saudi riyals for one sukuk.

The nominal value is (1,000) riyals for one bond.

Yield (Sukuk / Bond).

The maturity period of the (sukuk/bond) is five years from the date of settlement of the sukuk

The sukuk will be redeemed at the end of the sukuk term of the first issuance series

The company required institutional investors wishing to purchase the sukuk to submit a correctly completed investor purchase request form to the arrangement manager

With regard to individual investors, they must submit a properly completed Investor Purchase Request Form to the receiving entities through the means available to the receiving entities, including via the Internet, banking phone, or ATMs of the receiving entities.

The receiving entities are Riyad Bank, Arab National Bank, and Dinar Investment Company

Investors’ purchase of sukuk is subject to the fulfillment of the terms and conditions contained in the Investor Purchase Request Form and the Basic Prospectus dated 02/03/1444H (corresponding to 09/28/2022AD) (“Basic Prospectus”)

For more details about subscribing to sukuk, please see the basic prospectus.

The company also noted the importance of reading the following carefully and completely before making any investment decision related to subscribing to sukuk:

(1) Basic Prospectus,

(2) The condensed consolidated interim financial statements (unaudited) for the nine-month period ending on September 30, 2022 AD (the “interim financial statements”).

And on 02/03/1444 AH (corresponding to 09/28/2022 AD), the Capital Market Authority approved the request of the special purpose facility, Sukuk Al Kathiri, to register and publicly offer debt instruments based on debts within a program to issue debt instruments.

The approval of the Saudi Stock Exchange Company (Tadawul) was issued on 02/24/1444 AH (corresponding to 09/20/2022 AD) to the request to list the debt instruments of Al Kathiri Sukuk in the main market.

This comes with reference to the announcement of Al Kathiri Holding Company, published on the Saudi Stock Exchange (Tadawul) website on 07/25/1444 AH (corresponding to 02/16/2023 AD) regarding its intention to issue first-series sukuk from a local sukuk issuance program denominated in Saudi riyals ( “Sukuk”) and its public offering

Al Kathiri Holding Company announced the period for issuing sukuk and the subscription period for institutions and individuals. Where the sukuk will be offered through a special purpose facility, which is the Kathiri sukuk established under the license of the Capital Market Authority No. (SPE00034) dated 05/12/1443 AH (corresponding to 12/16/2021 AD) by Al Kathiri Holding (“The Sponsor”). ), where it was decided that the offering start date will be 08-20-1444 corresponding to 03-12-2023, while the offering-end date will be 09-1444 corresponding to 03-23-2023

The company said in a statement today on “Tadawul” that the value of the issue was determined at an amount of (100,000,000) riyals.

The sukuk will be offered to natural and legal persons who are entitled to subscribe to the sukuk, whether within the Kingdom of Saudi Arabia or in any jurisdiction where the issuance of sukuk is legal.