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SAL Saudi Logistics Services Plans SAR-denominated Sukuk Issue

MT Newswires·01/05/2026 01:40:02
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01:40 AM EST, 01/05/2026 (MT Newswires) -- SAL Saudi Logistics Services (SASE:4263) plans to issue a Saudi riyal-denominated sukuk, according to a Monday release. The logistics company will use the proceeds from the offer for general corporate purposes, including capital expenditures related to future expansions and projects, and strategic objectives. The amount of the offer, which is subject to regulatory approvals, will be based on market conditions. JP Morgan Saudi Arabia and SNB Capital will be the joint bookrunners for the offer.