Development Works Food plans Sukuk issue via Dinar Investment platform

09/01/2023 Argaam
Logo ofDevelopment Works Food Co. (DWF)

Logo of Development Works Food Co. (DWF)

Development Works Food Co. announced its intention to issue SAR-denominated Murabaha Sukuk to finance its working capital and capital expansions.

 

In a statement to Tadawul, the company added that it plans to issue the Sukuk via Dinar Investment platform, indicating that the issue value will be determined later based on the market conditions.

 

The company appointed Dinar Investment as the sole lead manager to arrange the Sukuk program.

 

It will announce any other substantial developments in due course as per the relevant rules and regulations.

 

The offering is subject to the approval of the Capital Market Authority (CMA). The firm obtained today, Jan. 9, Dinar Investment's approval to issue Sukuk via the latter's platform.

 

The company published its Sukuk issue prospectus, which can be viewed via the lead manager's website: (https://www.dinar.sa).

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.