| Element List | Explanation |
|---|---|
| Introduction | Atlas Elevators for General Trading and Contracting Company is pleased to announce the launch of a Saudi Riyal-denominated Sukuk offering through the website of Sukuk Financial Company, which is authorized by the Capital Market Authority to create a platform for offering and investing in debt instruments with the aim of expanding the investment activities of the affiliated factory. |
| Offer Type | Murabaha Sukuks denominated in Saudi Riyals are offered through the website of Sukuk Financial Company, which is authorized by the Capital Market Authority to establish a platform for offering and investing in debt instruments with the aim of expanding the subsidiary's investment activities. |
| Value of the offer | The issue value was initially set at an amount of (40,000,000 riyals) only (forty million Saudi riyals), noting that the issue value will be finally determined after the end of the offering period based on market conditions at that time. |
| Offering start Date | 2025-10-19 Corresponding to 1447-04-27 |
| Offering end Date | 2027-07-01 Corresponding to 1449-01-26 |
| The targeted class of the issuance | The Sukuk will be offered to natural and legal persons who are entitled to subscribe for the Sukuk, whether within the Kingdom of Saudi Arabia or in any jurisdiction where the Sukuk offering is lawful. |
| Name of Issuance Manager | Atlas Elevators for General Trading and Contracting Company has appointed Sukuk Financial Company as the sole arranger for the offering and issuance of the Sukuk. |
| Minimum Subscription | 1,000 Saudi riyals. For further details, please see the basic offering prospectus prepared for the Sukuk. |
| Offer Price (Sukuk /Bonds) | 1000 Saudi Riyals per check |
| Par Value | 1000 riyals per check |
| Return (Sukuk /Bonds) | For more information, please visit the Sukuk Financial Company website via the following link: https://www.sukuk.sa |
| Maturity (Sukuk /Bonds) | For more information, please visit the Sukuk Financial Company website via the following link: https://www.sukuk.sa |
| Additional Information | The company would like to clarify that the objective of issuing the Sukuk is to expand the investment activities of the Atlas National Elevator Company factory, affiliated with Atlas Elevator Company for General Trade and Contracting, and to relocate the factory to the Second Industrial City in Riyadh. Establishing an automated escalator factory as the first qualitative escalator and conveyor belt project in the Middle East, as well as adding kitchen, aluminum, glass, electrical panels, fireboxes, and fire-resistant doors. Investors can view additional information and final terms applicable to the Sukuk Series by visiting Sukuk Financial Company’s website: https://www.sukuk.sa |