Saudi Arabia’s Capital Markets Authority (CMA) has approved Aqaseem Factory Company for Chemical and Plastic Industry’s application to register and publicly offer debt instruments under a programme with a maximum value of SAR 500 million. A prospectus will be published sufficiently ahead of the subscription period and is expected to include the issuer’s financial statements, information on its activities and management, and the programme’s key terms. The CMA noted that its approval is limited to confirming legal requirements under the Capital Market Law and its Implementing Regulations have been met and does not constitute a recommendation to subscribe. The approval remains valid for six months from the CMA Board resolution date and will be cancelled if the offering and listing of the first intended tranche under the programme is not completed within that period.
Saudi Arabia Capital Markets Authority 2025-01-15
Saudi Arabia Capital Markets Authority approves Aqaseem Factory Company debt instruments programme public offering registration up to SAR 500 million
Saudi Arabia’s Capital Markets Authority approved Aqaseem Factory Company for Chemical and Plastic Industry to register and publicly offer debt instruments up to SAR 500 million. The approval confirms compliance with legal requirements under the Capital Market Law and its Implementing Regulations, without recommending subscription. The approval is valid for six months, contingent on completing the first tranche offering and listing within this timeframe.