Sigma Capital

27-04-2025

Aqaseem Factory for Chemicals and Plastics Co. Announces the Coupon Rate for Series 1 of the Sukuk Issuance Programme

Source: MIST

Tadawul-


Element List Explanation
Introduction With reference to the announcement of Aqaseem Factory for Chemicals and Plastics Co published on the website of the Saudi Stock Exchange (Tadawul) on 18-01-1446 corresponding to 16-04-2025, regarding the Offering period for Series 1 of the Sukuk Issuance Programme denominated in SAR the “Sukuk” and the public offering thereof, the Company announces the Coupon Rate.
Offer Type The Series 1 Sukuk are denominated in Saudi Riyals and will be offered as a public offering.
Value of the offer The issue value has been initially set at 50,000,000 SAR with the final issue value to be determined after the end of the offering period based on market conditions at that time.
Offering start Date 2025-04-27 Corresponding to 1446-10-29
Offering end Date 2025-05-08 Corresponding to 1446-11-10
The targeted class of the issuance The Sukuk will be offered to natural and legal persons who are entitled to subscribe for the Sukuk, whether within the Kingdom of Saudi Arabia or in any jurisdiction where the Sukuk offering is lawful.
Name of Issuance Manager Aqaseem Factory for Chemicals and Plastics Co has appointed AlKhair Capital Saudi Arabia as the lead arranger and initial dealer for its sukuk offering.
Minimum Subscription Five Sukuk, with a nominal value of 5,000 SAR. For further details, please see the basic offering prospectus prepared for the Sukuk.
Offer Price (Sukuk /Bonds) 1,000 SAR per instrument
Par Value 1,000 SAR per instrument
Return (Sukuk /Bonds) 10% per annum payable semi-annually
Maturity (Sukuk /Bonds) Five years from the date of settlement of the instruments
Terms of Redemption - The bonds will be redeemed at the end of the term of the first series
- On the maturity date, the bonds will be redeemed at a rate of 100% of the total par value of the series

Additional Information -The company will treat the Sukuk as capital. Therefore, the company will calculate the nominal value of the Sukuk as part of its Zakat base to pay the required Zakat.
-The Sukuk will be listed and traded on the Saudi Stock Exchange (Tadawul).

- Credit Rating: "BBB" - Stable Outlook - Financial Analysis Company

- Regulatory Status of the Sukuk: Primary, Non-Subordinated, Unconditional, or Guaranteed

- Periodic Profit Distribution: Fixed, Semi-Annual, Actual/360

- Investors wishing to purchase the Sukuk must submit a properly completed Investor Purchase Application Form to the dealer or the receiving parties through available channels.

The receiving parties are: AlAhli Capital, Al Rajhi Capital, Saudi Fransi Capital, Riyad Capital, Albilad Investment Company, Aljazira Capital, Alistithmar Securities and Brokerage Company, Derayah Financial Company, Al Arabi Financial Company, Alinma Investment Company, Al-Awal Investment Company, Yaqeen Financial Company, Al-Khabeer Financial Company, and Sukuk Financial Company. Investors' purchase of the Sukuk is subject to compliance with the terms and conditions set forth in the Investor Purchase Application Form and the Base Prospectus dated 15-07-1446 corresponding to 15-01-2025 the Base Prospectus.

For further details on the Sukuk subscription, please see the Base Prospectus.

Aqaseem Factory for Chemicals and Plastics Co also emphasizes the importance of carefully and fully reading the following before making any investment decision related to the Sukuk subscription:

(1) Base Prospectus

(2) The Company's Financial Statements

(3) The Company's Website:

www.aqaseem.com

On 15-07-1446 corresponding to 15-01-2025 , the Capital Market Authority approved the Company's application to register and offer debt instruments as a public offering within a debt instruments issuance program.

Please note that the basic offering prospectus is published on the Capital Market Authority's website:

https://cma.org.sa/Market/Prospectuses/Documents/AQASEEM-AR.pdf