Emblem of Takween Superior Industries Firm
Firm introduced Superior formation of industries It expresses its intention to determine native sukuk applications denominated in Saudi riyals and appropriate with the provisions of Islamic Sharia.
The corporate stated in a press release on Tadawul that it appointed Sokouk Monetary Firm as a monetary advisor for the method of issuing and providing sukuks (publicly and privately and thru the Sokouk Monetary platform), by determination of the Board of Administrators on October 19, 2025.
Under are this system particulars:
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the main points
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Model kind
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Establishing an area sukuk program denominated in Saudi riyals
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Program worth
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650 million riyals
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Program purpose
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Supporting the working capital and operational actions of the corporate and its subsidiaries, supporting the corporate’s growth tasks and attaining its strategic objectives
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The corporate indicated that the providing will probably be carried out in accordance with the related legal guidelines and laws and that the mandatory approvals will probably be taken for every program, including that this announcement doesn’t represent an invite or supply to purchase, personal, or subscribe for any securities, and that it’s going to announce another elementary developments on the time.
