Logo of Al Kathiri Holding Co.
Al Khair Capital Saudi Arabia, the financial advisor of Al Kathiri Holding Co., and arranger of the first series of the Sukuk issuance program through Sukuk Al Kathiri (SPE), announced the successful completion of the public offering and the Sukuk settlement program.
The offering included the issue of 100,000 Sukuk, with a par value of SAR 1,000 each and a fixed return of 8.50% per annum, paid semi-annually.
The percentage of the Sukuk issued to retail subscribers stood at 41.75% of the total Sukuk offered, while the percentage offered to institutional subscribers was about 58.25%.
|
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. |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}