BRIEF-Takween Intends To Issue Saudi Riyal-Denominated Local Sukuk Program Up To SAR 500 Million

TAKWEEN
Tadawul All Shares Index
ALBILAD SOVEREIGN SUKUK ETF
ALINMA GOVERNMENT SUKUK ETF

TAKWEEN

1201.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

ALBILAD SOVEREIGN SUKUK ETF

9403.SA

0.00

ALINMA GOVERNMENT SUKUK ETF

9404.SA

0.00

June 24 (Reuters) - TAKWEEN ADVANCED INDUSTRIES 1201.SE:

  • TAKWEEN - INTENTION TO ISSUE SAUDI RIYAL-DENOMINATED LOCAL SUKUK PROGRAM

  • TAKWEEN - AGGREGATE VALUE OF THE SUKUK PROGRAMS IS UP TO SAR 500 MILLION

  • TAKWEEN - OFFERING AIMS TO STRENGTHEN CO'S WORKING CAPITAL AND LIQUIDITY POSITION

  • TAKWEEN - APPOINTED IMPACT46 AS FINANCIAL ADVISOR AND SOLE ARRANGER FOR THE PROPOSED SUKUK PROGRAM

  • TAKWEEN - OFFERING AIMS TO REFINANCE A PORTION OF ITS EXISTING OBLIGATIONS AND FINANCING FACILITIES,

  • TAKWEEN - OFFERING AIMS TO PROVIDE NECESSARY FUNDING FOR GENERAL CORPORATE PURPOSES

  • TAKWEEN - OFFERING AIMS AT SUPPORTING BUSINESS CONTINUITY AND IMPLEMENTATION OF CO'S OPERATIONAL AND STRATEGIC PLANS

Source text: ID:nSSEsVyRp

Further company coverage: 1201.SE


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