Al-Kathiri distributes 4.27 million riyals as a semi-annual return on sukuks

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Al-Kathiri distributes 4.27 million riyals as a semi-annual return on sukuks

Al Kathiri Holding Company announced the distribution of the sixth semi-annual return on its Sukuks (first issuance series) for the period ending on March 30, 2026, with a total amount of 4.27 million riyals.

The company explained, in a statement on its website "Saudi Arabia trading"The number of instruments due for distribution amounts to 100 thousand instruments, with a return value of 42,736 riyals per instrument, for a coupon period extending to 181 days.

It indicated that the eligibility for distributions will be to the owners of the instruments at the end of trading on March 30, 2026, and those registered in the register of unit owners with the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date, provided that the distributions are disbursed within a period not exceeding 5 working days from the due date.

The company called on investors to update their data with the center’s members, and to ensure that bank accounts are linked to the investment portfolios, to ensure that distributions are deposited on time without delay.

It indicated that distributions to non-resident investors will be subject to a 5% withholding tax, in accordance with the income tax system and its executive regulations, calling on those who have tax exemptions to provide the company with the necessary documents within 5 calendar days from the due date.

It is mentioned. The company had announced in March 2023 the offering and completion of the first issuance of the Al Kathiri Sukuk Program with an annual return of 8.5%, paid semi-annually.