Riyadh - Mubasher: View United Real Estate Development Company intends to issue SAR-denominated Sukuk worth SAR 10 million in installments through a private offering under its SAR-denominated Sukuk Issuance Program.
The proceeds will be used to support its operational needs and finance ongoing and future projects, according to a bourse filing.
View United appointed Sukuk Capital as the sole arranger and manager for establishing the program, as well as for the issuance and offering of the Sukuk.
The offering, which was approved on 22 June, will be conducted through Sukuk Capital’s platform, which is authorized by the Capital Market Authority to offer and invest in debt instruments.
