Introduction: With reference to the announcement of Intelligent Oud Company for Trading (the “Company” or the “Issuer”) published on the Saudi Stock Exchange (Tadawul) website on 19/11/1447H (corresponding to 06/05/2026G) regarding the offering period of its Series 1 Sukuk under the SAR 300,000,000 Sukuk Issuance Programme (the “Programme”),
the Company announces the successful completion of the Sukuk offering and subscription, with an oversubscription of 179.35%.
Offer Type: Series 1 of the Senior, Credit-Enhanced Sukuk Issuance Programme denominated in Saudi Riyal, structured under a Mudaraba/Murabaha format.
Value of the offer: SAR 50,000,000.
Total number of (Bonds/Sukuk): 50,000 Sak.
Par Value (Bonds/Sukuk): SAR 1,000 per Sak.
Return (Bonds/Sukuk): 10.50% per annum, fixed rate, payable semi-annually.
Maturity (Bonds/Sukuk): Five (5) years from the Issue Date of 20/05/2026G (corresponding to 03/12/1447H), with an Issuer call option exercisable from (24) months after the Issue Date and at any time thereafter, in accordance with the Final Terms.
Terms of Redemption: At the Maturity Date on 28/01/1453H (corresponding to 20/05/2031G), the Sukuk will be redeemed at 100 per cent. of the Aggregate Nominal Amount of the Series, subject to any purchase and cancellation or early redemption in accordance with the final terms.
Additional Information: The allocation of the Series 1 Sukuk has been finalised as follows:
• Institutional investors: 100%
• Qualified investors: 56%
• Retail investors: 45%
Note: “Qualified investors” refers to qualified investors in the Parallel Market as defined in the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority.
The relevant receiving entities will refund the excess subscription monies to the eligible investors no later than 20/05/2026G (corresponding to 03/12/1447H).
Attached Documents:
