Almarai starts to issue US-dollar denominated trust certificates

Almarai Co. headquarters

Almarai Co. started today, July 18, the issuance of US-dollar-denominated trust certificates, the dairy producer said in a statement to Tadawul. 

 

The issuance amount will be determined after the completion of the offer period based on market conditions at that time, it noted.

 

Issuance Details

Type 

US-dollar-denominated trust certificates

Value

The amount will be determined after the completion of the offer period based on market conditions at that time

Start Date

July 18, 2023

End Date

July 19, 2023

Target Investors

Eligible investors in Saudi Arabia and internationally

Minimum Subscription Limit

$200,000 and in increments of $1,000 in excess thereof

Offer Price

Based on market conditions

Nominal Value

$200,000

Returns

Based on market conditions

Maturity Period

10 years

Terms of Redemption 

The trust certificates may be redeemed prior to the scheduled maturity date in certain cases, as detailed in the base offering circular.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request