“Qimam Technologies” intends to offer Murabaha Sukuks worth 10 million riyals
Al-Qimam Technologies Company for Computers and Commercial Systems intends to offer Murabaha Sukuks denominated in Saudi Riyals within the (Murabaha Sukuk) programme.
The company said in a statement on its website "Saudi Arabia trading"It has appointed Afaq Financial Company as the sole arranging manager, for the purposes of establishing, issuing and offering the sukuks.
She added that the sukuk will be offered through the website of Afaq Financial Company, which is authorized by the Capital Market Authority to offer debt instruments and invest in them.
She explained that the value of the offering is 10 million riyals, noting that the offering will be in 20 batches, while the value of the first batch will be 500 thousand riyals.
She stated that the aim of the offering is: Supporting company projects.
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