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Saudi German Hospital concludes SAR 1bn Sukuk

offering

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26 February 2024 01:30 PM
SAUDI GERMAN HEALTH
4009
0.58%69.400.40

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) has completed
the issuance of SAR 1 billion Sukuk.

The sukuk was offered at a par value of SAR 1,000 with an annual return of around 7.20% over a
five-year maturity, according to a bourse filing.

The company noted that the allocation and settlement of the Sukuk issuance will be on 29
February and 6 March 2024, respectively.

The Sukuk will be listed and traded on the Saudi Exchange (Tadawul).

Saudi German Hospital started the offering of its SAR-denominated Sukuk on 12 February.

In the first nine months (9M) of 2023, the company recorded net profits after Zakat and tax
amounting to SAR 143.67 million, marking a significant increase of 241.91% year-on-year (YoY)
compared to SAR 42.02 million.

https://english.mubasher.info/news/4252092/Saudi-German-Hospital-concludes-SAR-1bn-Sukuk-
offering/