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Wasm plans sukuk issuance on Tadawul
Wasem Business Information Technology Company has announced its intention to issue sukuk for public subscription and list them on the Sukuk and Bonds Market of Tadawul. The offering procedures are currently underway following the issuance of the prospectus, which details the terms, financial, and operational risks. Taa'thir Financial Company has been appointed as the financial advisor and sole manager of the offering process, with an invitation issued to investors to review the prospectus before making an investment decision. The company aims to fund its investments through the sukuk issuance, supporting its expansion plans in the Saudi financial market.
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