On June 24, 2026, Takween Advanced Industries Company announced the termination of its Saudi Riyal-denominated Sukuk program that was originally approved by the Board of Directors on October 19, 2025 with an aggregate value of up to SAR 650 million. The company successfully completed only one financing tranche of SAR 60 million through an electronic platform before mutually agreeing with Sukuk Capital Company to terminate the program and discontinue the remaining financing tranches. The Board of Directors formally approved the program termination on June 23, 2026, with the company stating that this decision aligns with its assessment of available financing alternatives and current funding requirements, and is not expected to have any material impact on its financial statements.

Original announcement:

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