Rawasi Al Bina Investment
Sukuk Program
Company Overview
Rawasi Al Bina Investment Company is a public joint stock company listed on the Saudi Stock Exchange (Nomu), established in 2009 to be one of the leading companies specialized in network and electrical infrastructure. It provides integrated electrical services, including design, engineering, and installation of electrical systems, as well as the implementation of new project works, such as building and establishing electrical infrastructure for various buildings and facilities.
The Company's capital
55
million
Saudi riyals
divided into 55 million shares.
Rawasi Al Bina Investment Company intends to issue Sukuk worth 500 million Saudi riyals through a public offering to finance its expansion in infrastructure projects and meet its financial and strategic goals.
Company’s Vision
To be a partner to its customers in their success journey by providing high-value expertise in its business field and the most effective solutions.
Company’s Mission
Gain the trust of its customers by providing distinguished services at competitive prices, provide a safe and healthy work environment, preserve natural resources, and assume the Company’s social responsibility by carrying out all transactions ethically and providing local needs in the cultural, social, educational and economic fields. Thereby, the Company aims to present the highest value to its shareholders.
Strategy
The Company seeks to achieve its strategic objectives based on its strengths and the opportunities available to it in the market that are consistent with its vision and mission, by consolidating its leading position in the market in the field of communications, electricity and water services, in addition to developing integrated and innovative solutions that enhance the quality of water services, protect resources and enhance operational efficiency by adopting digital technologies.
2023 Figures
Key Features of Sukuk
Sharia
Compliance
Stable
Returns
Trading Post Listing
(ability to buy and sell)
Issuer Credit
Rating BBB
Series of First Issue of Sukuk Rawasi Al Bina
Issuance of Sukuk worth
Maturity Period
Nominal Value of Sukuk
Sukuk Structure
Minimum number of Sukuk that target investors may subscribe to
Minimum value of Sukuk that target
investors may subscribe to
Annual Return
Expected Timeline for the Offering
FAQ's
What are Sukuk?
Sukuk are Sharia-compliant debt instruments issued by governments and companies in return for a profit rate that is distributed periodically for the purpose of financing their budgets, projects and expansion plans. Sukuk have a maturity date on which the issuer of the Sukuk repays the funds raised from investors.
What is the Sukuk Issuance Program?
The Sukuk Issuance Program allows the Issuer to issue Sukuk from time to time in a series of separate issues, subject to the terms and conditions of the Sukuk and subject to the Final Terms applicable to such series.
What are the Applicable Final Terms?
The Sukuk issued in respect of each series of the Program are subject to the Final Terms Document for that series (the Applicable Final Terms). The Applicable Final Terms supplement the General Terms of the Sukuk referred to in the Prospectus and may set out other terms and conditions including the dates of the offering period, issue size, profit rate, maturity and other terms in respect of each series under the Program.
Why does Rawasi Al Bina issue the Sukuk?
Rawasi Al Bina intends to use the proceeds of the Sukuk issuance for the purposes of expanding the Company’s business in general and meeting its financial and strategic objectives.
What is the annual profit rate of the offered Sukuk?
The fixed annual profit rate of the offered Sukuk is 10% per annum.
When are the periodic dividends distributed?
The fixed periodic dividends distribution of the offered Sukuk is paid in the form of **** as of the date of settlement of the Sukuk.
What is the term of the offered Sukuk?
The term of the offered Sukuk is five (5) years from the date of issuance. On the expiry date, the Issuer shall repay the capital raised from the investors.
Who can subscribe to the offering?
Subscription to the Sukuk under the Program is limited to eligible persons who fall under any of the following categories:
- Any natural person who has an investment account in the Kingdom and an account with the Securities Depository Center Company ‘Edaa’;
- Any legal person who has an investment account in the Kingdom and an account with the Edaa; and
- Foreign natural and legal persons in accordance with the rules regulating foreign investment in securities and related regulations and rules.
What is the minimum and maximum subscription?
The minimum subscription for each investor is 5 Sukuk equivalent to 5,000 Saudi Riyals, based on the class of each Sukuk of 1,000 Saudi Riyals. There is no maximum limit for investors as they can subscribe to any number of the offered Sukuk.
Contact
For more information or inquiries, please contact us via the following channels:
Issuer
Financial Advisor, Sole Facilitator and Agent
Recipients
