|With reference to the announcement made by Al Kathiri Holding Company published on the website of the Saudi Stock Exchange (Tadawul) on 25/07/1444H (corresponding to 16/02/2023G), relating to Al Kathiri Holding Company’s intention to issue Series 1 of the Sukuk Issuance Programme denominated in SAR (the “Sukuk”) and the public offering thereof, Al Kathiri Holding Company announces the offering period of the Sukuk and the retail and institutional subscription period. The Sukuk will be offered through Sukuk Al Kathiri a Special Purpose Entity, established under CMA License No. (SPE00034) dated 12/05/1443H (corresponding to 12/12/2021G), by Al Kathiri Holding Company (“Sponsor”).
|Series One of the Sukuk Issuance Programme denominated in Saudi Riyal offered by way of a public offering
|Value of the offer
|The issuance amount has been set with a value of SAR 100,000,000
|Offering start Date
|2023-03-12 Corresponding to 1444-08-20
|Offering end Date
|2023-03-23 Corresponding to 1444-09-01
|The targeted class of the issuance
|The Sukuk will be offered to eligible natural and legal persons in the Kingdom of Saudi Arabia and any other relevant jurisdiction where the Sukuk may be lawfully offered.
|Name of Issuance Manager
|Al Kathiri Holding Company has appointed AlKhair Capital Saudi Arabia as the financial advisor and arranger in relation the offering and issuance of the Sukuk.
|Five Sukuk with a nominal value of SAR 5,000. For further details, please refer to the base prospectus prepared in relation to the Sukuk.
|Offer Price (Sukuk /Bonds)
|SAR 1,000 per Sak.
|SAR 1,000 per Sak.
|Return (Sukuk /Bonds)
|Coupon Rate will be set and announced no later than 17/08/1444H (Corresponding to 09/03/2023G)
|Maturity (Sukuk /Bonds)
|Five (5) Years from the Settlement Date
|Terms of Redemption
|The Sukuk will be redeemed at the maturity date of the Series One Sukuk
|Institutional investors seeking to purchase the Sukuk will be required to submit a duly completed form to the relevant arranger(s).Retail investors will be required to submit a duly completed form to the receiving agents through the available channels, including through phone banking, or the ATM machines of the receiving agents.The receiving agents are Riyad Bank, Arab National Bank (ANB) and Dinar Investments.The purchase of the Sukuk by investors is subject to satisfying the terms and conditions set out in the investor application form and the Base Prospectus dated 02/03/1444H (corresponding to 28/09/2022G) (the “Base Prospectus”).For further details about the subscription in the Sukuk, please refer to the Base Prospectus.Al Kathiri Holding Company stresses the importance of reviewing(i) the Base Prospectus,(ii) Al Kathiri Holding Company’s interim consolidated financial statements (unaudited) as at and for the nine-month period ended 30 September 2022 (the “Interim Financial Statements”), and(iii) The following website:https://sukukalkathiri.com/en/On 02/03/1444H (Corresponding to 28/09/2022G) The Capital Market Authority issued its approval on the registration and the public offering of Debt-Based Recourse Debt Instruments Programme of the Special Purpose Entity Sukuk Al Kathiri.On 24/02/1444H (Corresponding to 20/09/2022G) Tadawul issued its approval for listing debt instruments of Sukuk Al Kathiri on the Main Market.Link to the Prospectus:https://cma.org.sa/en/Market/Prospectuses/Documents/ALKATHIRI_EN.pdf