News 
The prospectus for Intelligent Oud for Trading Company (iOud)’s sukuk programme, with a total programme size of SAR 300 million, has been made publicly available on the CMA website. Impact46 acts as the Financial Advisor and Sole Arranger of the programme.
The first issuance under the programme will be offered through a public offering denominated in Saudi Riyals, and listed and traded on the Saudi Exchange (Tadawul). The sukuk structure includes a credit enhancement in the form of a Sukuk Servicing Reserve Account (SSRA), designed to cover 12 months of profit distributions. This feature is embedded within the programme, activated for the first issuance, and can be applied to any subsequent issuance under the programme.
The issuance carries a preliminary credit rating of BBB- from RATING Agency, which will be finalised upon execution of the final terms.
For full details — including the issuance terms, sukuk structure, and the issuer’s financial information — please refer to the sukuk page via the link below.
