| Element List | Explanation |
|---|---|
| Introduction | Advance International Company for Communication and Information Technology announces the completion of the offering and subscription of the Sukuk through Dinar Investment Company’s platform, following the approval of the Capital Market Authority on the company’s request to register and offer the Sukuk under the program, with the aim of strengthening the company’s working capital and supporting its capital expansions. |
| Offer Type | Murabaha Sukuk denominated in Saudi Riyals |
| Value of the offer | 6,000,000 Saudi Riyals |
| Total number of (Bonds/Sukuk) | 6,000 Sukuk |
| Par Value (Bonds/Sukuk) | 1,000 Saudi Riyals per Sukuk. |
| Return (Bonds/Sukuk) | Annual Return Rates: 3 months: 12.76% 6 months: 12.96% 9 months: 13.16% 12 months: 13.38% 15 months: 13.68% 18 months: 14.00% 21 months: 14.32% 24 months: 14.64% 27 months: 14.96% 30 months: 15.28% 33 months: 15.60% 36 months: 15.96% |
| Maturity (Bonds/Sukuk) | Vary depending on the issuance periods, starting from 3 months up to 36 months. |
| Terms of Redemption | In the event of early redemption and extinguishment of the Sukuk before the scheduled maturity date at the issuer’s request, the return due to Sukuk holders will be recalculated based on the actual redemption date and in accordance with the terms and conditions of the issuance and the relevant agreements. |