Takween Advanced Industries Co. announces intention to Establishment of local Sukuk programs denominated in Saudi Riyals
| Element List | Explanation |
|---|---|
| Introduction | Takween Advanced Industries Company announces its intention to establish local Sukuk programs denominated in Saudi Riyals and compliant with Islamic Shariah principles.
The company has appointed Sukuk Financial Company as the financial advisor for the Sukuk issuance and offering (both public and private) through the Sukuk Financial platform |
| Offer Type | Establishment of local Sukuk programs denominated in Saudi Riyals |
| Date of the board’s decision | 2025-10-19 Corresponding to 1447-04-27 |
| Value of the offer | Programs value: SAR 650 million |
| The Purpose of the offer | To support the working capital and operational activities of the company and its subsidiaries, and to finance the company’s expansion projects and achieve its strategic objectives |
| Approvals | The offering will be carried out in accordance with the applicable laws and regulations, and subject to obtaining all necessary approvals for each program |
| Additional Information | The Board of Directors has resolved to appoint Sukuk Financial Company as the financial advisor for the Sukuk issuance and offering (both public and private) through the Sukuk Financial Company website (https://sukuk.sa/).
The company notes that this announcement does not constitute an invitation, offer, or recommendation to purchase, own, or subscribe to any securities. The company will announce any material information in due course. |
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