Al Kathiri issue prospectus for SAR-denominated Sukuk

Logo of Al Kathiri Holding Co.

Al Kathiri Holding Co. issued today, Feb. 15, the prospectus for a SAR 500 million Sharia-compliant SAR-denominated Sukuk offering.

The company will use the issue proceeds for general commercial purposes and to fulfil financial and strategic objectives.

The Capital Market Authority (CMA) approved, on Sept. 28, the application of Special Purpose Entity (SPE), Al Kathiri Sukuk, for the registration and public offering of debt-based instruments within the up to SAR 500 million issuance program.

Sukuk Issue Highlights
Issuer	Al Kathiri Holding Co.
Sole Arranger/Sukukholders’ Agent/Payment Administrator	Al Khair Capital
Target Participants	Qualified persons, as follows: - Resident natural persons - Resident legal persons - Qualified foreign investors
Maximum Number of Sukuk	Maximum number per investor shall not exceed the number of offered Sukuk (each being in the SAR 1,000 category)
Maximum Value of Sukuk	Not exceeding the total nominal value of all Sukuk offered for subscription
Minimum Number of Sukuk	5 Sukuk
Minimum Value of Sukuk	SAR 5,000 (equal to five Sukuk)
Offer Period	The period of each tranche will be specified in the applicable final terms
Maturity Date	Maturity date will be set for each Sukuk series in the applicable final terms, with respect to each specific series
Currency	Saudi Riyal

Issue Prospectus

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