Leen Alkhair to Issue SAR 20 Mln Murabaha Sukuk

Leen Alkhair Trading Co. announced on Sunday its intention to issue Saudi riyal-denominated Murabaha Sukuks under the Murabaha Sukuk Programme. The offering will be made through the website of Dinar Investment Company, which is authorised by the Capital Market Authority to establish a platform for offering and investing in debt instruments.

The Company explained that the value of the offering is SAR 20 million, noting that the purpose is to enhance working capital and capital expansions to support its operational activities and expansion purposes.

The offering is subject to the approval of the relevant regulatory authorities and will be conducted in accordance with relevant rules and regulations.

Leen Alkhair also appointed Dinar Investment Company as the sole arranger for the purposes of originating, issuing and offering the sukuk.