The Saudi Arabia Capital Markets Authority (CMA) approved Emkan Finance Company’s application to register and publicly offer debt instruments under a programme with a maximum value of SAR 5,000,000,000. A prospectus is to be published sufficiently in advance of the subscription period. The prospectus is expected to include information relevant to an investment decision, including the issuer’s financial statements, information on its activities and management, and details of the issuance programme and risk factors. The CMA reiterated that its approval is not a recommendation to subscribe and only indicates that legal requirements under the Capital Market Law and its Implementing Regulations have been met. The approval remains valid for six months from the CMA Board resolution date and will be deemed cancelled if the offering and listing of the programme’s first tranche are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-12-31
Saudi Arabia Capital Markets Authority approves Emkan Finance Company SAR 5 billion debt issuance programme for registration and public offering
The Saudi Arabia Capital Markets Authority approved Emkan Finance Company’s application to register and publicly offer debt instruments under a programme valued at SAR 5 billion. The prospectus, to be published before the subscription period, will include financial statements, management details, and risk factors. The approval is valid for six months and is not a subscription recommendation.