STAT is pleased to announce its role in advising Al Khair Capital Saudi Arabia Company | AlKhair Capital الخير كابيتال as Sole Arranger, Dealer, and Financial Advisor in connection with the SAR 500,000,000 Sukuk Issuance Programme for Aqaseem Factory Co. For Chemical and Plastic Industry. This landmark programme has now received approval from the Capital Market Authority (CMA) and is the second ever public Sukuk programme to be approved under the new version of the Rules on the Offer of Securities and Continuing Obligations.

This stems from STAT’s representation of Al Khair Capital Saudi Arabia Company as Sole Arranger, Dealer, and Financial Advisor in connection with the SAR 500,000,000 Sukuk Issuance Programme for Rawasi Al Bina Investment Company which was the first ever public Sukuk programme to be approved under the new version of the Rules on the Offer of Securities and Continuing Obligations.

This achievement reflects STAT’s expertise in advising on complex and high-profile Islamic financing and debt capital market transactions. The team advising on the transaction was led by Partners Faris Al Amoudi and Zeyad Y. AlSalloum, with Senior Counsel Richard Blackburn and key support by Associates Omar Alsughaiyer and Liaan AlFayadh as assisted by Associate Naif Alharbi and Trainee Associates Sultan Albadi, Abdullah Alrabiah and Zaina M. Khashan.

STAT’s team members have extensive experience in landmark debt capital markets transactions for Saudi issuers and arrangers, including advising: (i) Saudi Aramco on the establishment of its first SAR 37.5 billion Sukuk Issuance Programme and its debut SAR 11.25 billion Sukuk issuance thereunder, (ii) Saudi Real Estate Refinance Company on the establishment of its Sukuk Issuance Programme and its debut issuances of SAR 150 million Sukuk due 2023, SAR 50 million Sukuk due 2025, and SAR 50 million Sukuk due 2028, (iii) the Arrangers and Dealers on the establishment of the Global Sukuk Programme of the Kingdom of Saudi Arabia (acting through the Ministry of Finance) and the issuances thereunder, (iv) Bank AlJazira on the issuance of its Tier 2 Sukuk worth SAR 2 billion, (v) Bank AlJazira on the issuance of its Additional Tier 1 Sukuk worth SAR 2 billion and (vi) Al Khair Capital Saudi Arabia Company as Arranger on the SAR 500,000,000 Sukuk Issuance Programme for Rawasi Al Bina Investment Company.