Al-Istithmar offers credit certificate exchange
Al Investment Holding Company announced the launch of an offer to exchange its existing credit certificates valued at approximately 900 million riyals, for new certificates denominated in riyals, maturing in 2029, with an adjusted format offering an annual return of 9%. The deadline for voting and redemption is September 14, 2026. The aim is to cancel or replace the current certificates subject to shareholder approval. The process focuses on amending the certificate terms and providing redemption flexibility, contingent upon certificate holder approval of the modifications. The company is also prepared to hold a meeting to discuss final approvals.
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