Al Modawat launches SAR 20m Sukuk offering

ALMODAWAT
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Riyadh - Mubasher: Al Modawat Specialized Medical Company has offered SAR-denominated Sukuk on 28 April 2026 under its SAR 30 million program. 

The first tranche of the offering is valued at SAR 20 million, according to a bourse filing.

Meanwhile, the subscription period has begun on 28 April and will close on 12 May 2026.

The minimum subscription amount is SAR 1,000 per each Sukuk, while the issue price and nominal value are also set at SAR 1,000 per each Sukuk.

The Sukuk will be available to eligible investors and to those who have the right to subscribe to the offering, which will be conducted through the electronic platform of Sukuk Capital.

On 11 October 2026, the Al Modawat’s board members greenlighted changing the company’s brand and adopting a new logo.

Source: Mubasher Source: {{details.article.source}}