News 
The prospectus for Raya Financing Company’s sukuk program, with a nominal value of up to SAR 500 million, has been made available under an Additional Tier 1 (AT1) capital sukuk program as announced by Impac46 being the Advisor and Sole Arranger for Raya Financing .
The program involves the issuance of sukuk through a public offering, denominated in Saudi riyals, and listed and traded on the Saudi Exchange (Tadawul). The sukuk are perpetual, with a call option for the issuer, and constitute capital, eligible for deduction for zakat purposes.
The issuer carries a local credit rating of BBB- from Fitch Ratings, while Impact46 acts as the sole financial advisor and sole arranger for the program.
For full details, including the program terms, issuance structure, and the issuer’s financial information, please refer to the sukuk program page via the link below.
