Al Kathiri starts sukuk issuance today

Logo of Al Kathiri Holding Co.

Alkhair Capital, the financial advisor and sole lead manager on Al Kathiri Holding Co.’s Sukuk Issuance Programme, announced that the offering period for the first series of SAR-denominated sukuk started today, March 12 and will run until March 23, 2023, according to a statement to Tadawul.

Institutional investors seeking to purchase sukuk will be required to submit a duly completed form to Alkhair Capital, the company said.

It added that retail investors will be required to submit a duly completed form to the receiving entities through the available channels, including phone banking or relevant ATM machines.

The sukuk purchase is subject to investors satisfying the terms and conditions set out in the investor application form and the base prospectus dated Sept. 28, 2022.