Rawasi Al -Bena Investment Company, which is included in the Saudi market, has announced its intention to establish a program in Saudi riyals; Through it, you will issue local instruments in the Saudi riyal compatible with the provisions of Islamic Sharia.
“Rawasi” said, in a statement on the “Tadawul” website, that the decision council made the decision, today, Sunday, to issue local ligaments in accordance with the provisions of the Islamic Sharia in the Saudi Rayal with a value of up to 500 million Saudi riyals (133. 5 million dollars).
The company added that the aim of issuing the sukuk; For the purposes of the public commercial company and the compatibility of its financial and critical gifts.
She explained that the proposal is subject to the approval of the relationship with the relationship.
Rawasi appointed Kabetal; As a consultation of the process of issuing and offering cakes (generally).
The company said that this declaration does not constitute an invitation or an offer to purchase, property or assignment in any financial papers, and will also declare their contributions to any other public developments at the time.
The company pointed out that any proposal to the caps will be associated with the qualified investors in the countries in which the proposal will be made, according to the rules and regulatory lights of those countries..
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