The milestone of Emkan Finance's latest sukuk issuance, valued at more than 2.2 billion riyals, has been a remarkable success. This feat has set a new record in the finance sector for the largest sukuk offering ever seen. The wide-reaching interest in the initiative from various stakeholders indicates a high level of trust and optimism in the company's financial instruments. CEO Abdullah Al-Habdan praised the enthusiastic response from investors, highlighting their faith in Emkan Finance's reliability. Known for its trustworthy reputation in the local market, Emkan Finance plans to enhance its product range through the Emkan app, introducing convenient and competitive digital services to facilitate financing applications from its customer base. Moreover, this inaugural sukuk issuance signifies a step towards future ventures aimed at diversifying funding channels.
Al-Habdan extended his appreciation to the Central Bank and the Capital Market Authority for their continuous support of the financial and financing sectors within the Kingdom. He also recognized the vital role played by Al Rajhi Capital, serving as the financial advisor and sole manager of the issuance process, solidifying their position in both the global and local sukuk markets. In closing, Al-Habdan thanked the investors for their confidence in Emkan Finance Company and reaffirmed the company's commitment to offering premier financing solutions adhering to Islamic Sharia principles.