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Saudi multi-sector company Waja is set to issue sukuk worth SAR 70 million ($18.7 million).
The Saudi riyal-denominated financial instruments will be offered as a private placement, subject to the terms and conditions that will be specified in the prospectus, the firm said in a disclosure posted on the Saudi Stock Exchange (Tadawul).
The offering is part of the Saudi riyal-denominated sukuk issuance program.
Headquartered in Riyadh, Waja operates in multiple sectors, including advertising and communication, information technology, interior design and construction.
(Writing by Cleofe Maceda; editing by Seban Scaria)
