Aqaseem releases prospectus for SAR 500M sukuk issue
The company said it will use the net proceeds from each tranche of its sukuk program accordingly. The first SAR 50 million tranche will cover capital and operating expenses, support new business activities, and fund acquisitions aligned with its expansion strategy and business model.
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The Capital Market Authority (CMA) approved the company's application for the registration and public offering of debt instruments under the program last January.
The company launched a SAR-denominated sukuk program in May 2024 to support general corporate purposes and meet its financial and strategic goals, according to Argaam 's data.
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