“Nacool” announces early payment of riyal-denominated bonds

Muhammad Hassan Al-Naqul Sons Company announced the early payment of the Sukuk denominated in Saudi Riyals that were announced on the Tadawul website on 02/08/2023 AD and which were previously issued through an offering on the Sukuk Financial Company website.
According to the company’s statement on the Saudi Tadawul, the total value of the paid bonds is 10 million riyals.
She added that the issuance date: 02/10/2024, the original payment date: 05/09/2025, and the early payment date: 12/23/2024.
She explained that the reasons for early repayment are: reducing the costs of financing burdens and ending the purpose of the financing.
She stated that financing the payment is from the company’s own resources
She stated that the expected impact of this event is a reduction in financial obligations and future financing burdens.
The company noted its full commitment to transparency towards its shareholders and investors, and will continue to provide any additional relevant information as soon as it becomes available.