| Element List | Explanation |
|---|---|
| Introduction | Obeikan Glass Company announces its intention to establish local Saudi Riyal-denominated Sukuk programs compliant with Islamic Sharia principles. The company has appointed Sukuk Capital Company as the financial advisor for the issuance of the Sukuk programs for public, private, and exempt offerings. |
| Offer Type | Establishment of local Sukuk programs denominated in Saudi Riyals. |
| Date of the board’s decision | 2025-10-19 Corresponding to 1447-04-27 |
| Value of the offer | Sukuk programs with a total value of SAR 430 million. |
| The Purpose of the offer | To support the company’s expansion projects and achieve its strategic objectives. |
| Approvals | The offering will be carried out in accordance with the applicable rules and regulations and after obtaining the necessary approvals for each program. |
| Additional Information | The Board of Directors has resolved to appoint Sukuk Capital Company as the financial advisor for the issuance of the Sukuk programs for public, private, and exempt offerings. (Through the website of Sukuk Capital Company https://sukuk.sa/) |
The company would also like to note that this announcement does not constitute an invitation, offer, or recommendation to purchase, acquire, or subscribe to any securities. The company will announce any further material developments in due course.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.