On May 20, 2026, Intelligent Oud for Trading Company announced the successful completion of its Series 1 sukuk offering under its SAR 300,000,000 sukuk issuance programme, achieving an oversubscription rate of 179.35%. The company issued 50,000 sukuk certificates valued at SAR 50,000,000 with a par value of SAR 1,000 per certificate, offering a fixed return of 10.50% per annum payable semi-annually. The sukuk are structured as senior, credit-enhanced instruments under a Mudaraba/Murabaha format with a five-year maturity until May 20, 2031, and include an issuer call option exercisable after 24 months. The allocation was distributed entirely to institutional investors, with 56% to qualified investors and 45% to retail investors.

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Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.