Al Kathiri says first series of Sukuk issuance completed

Details of Subscription by Retail Investors and Institutions

No. of Sukuk Allocated for Retail Subscribers

41,753 Sukuk, representing 41.75% of the total offered Sukuk

Coverage Ratio (%)

100% (All retail subscriber included in the subscription application were allocated 100% of their orders.)

No. of Sukuk Allocated for Institutional Subscribers

58,247 Sukuk, representing 58.25% of the total offered Sukuk

Coverage Ratio (%)

129.7%, where the allocation for institutional subscribers was determined at the issuer’s sole discretion after obtaining the sponsor’s approval in consultation with the arranger.

Settlement Date

March 30, 2023

Refund (if any)

April 2, 2023. The excess subscription funds will be deposited in the accounts of the eligible investors in accordance with the procedures adopted by the relevant banks.