“Malan” intends to launch your sukuk in riyals

Mallan Iron Products Company intends to launch a bonds densely in Saudi riyals.
According to the company’s statement on the circulation of Saudi Arabia, the company appointed the Financial Prospects Company as the only arrangement manager, for the purposes of establishing, issuing and offering sukuk on its platform.
The value of the offering is 20 million riyals, while the offering aims: financing the company’s investment and operational needs.
Through the salary, the company will obtain the necessary approvals from the Capital Market Authority before offering the sukuk under the program.