The start of the subscription in the instruments of “Coals” listed in “growth” with a return of 10 % annually

Today, the subscription began in the instruments of the Akhaim Factory Company for the chemical and plastic materials industry, listed in the parallel market “growth” until next May 5, according to what Al -Khair Capital announced in its capacity as the financial advisor, the ranking manager and the manager of subscription.

According to a statement of the financial company, the return was determined by 10% annually due to be paid annually and will be included and traded in the Saudi financial market.

The proposal and sale of sukuk are limited to people classified as qualified persons and they are any natural or legal person who has an investment account in Saudi Arabia and an account with the deposit center, along with natural persons and foreign legal persons in accordance with the rules regulating foreign investment in securities, regulations and relevant regulations, according to the issuance bulletin.

The minimum subscription is 5 sukuk, with a nominal value of 5 thousand riyals, as the value of one instrument is one thousand riyals.

At the date of the entitlement, the sukuk is entitled to 100% of the total nominal value of the series, subject to any purchase or cancellation.

The company intends to use offering proceeds to cover capital and operational expenses, create new activities and acquire existing facilities.

The company was established in 2009, and it depends on its income on car oil sales in Saudi Arabia and the UAE.