Riyadh - Mubasher: The board of Obeikan Glass Company approved plans, on 19 October, to establish SAR-denominated Sukuk programs worth SAR 430 million

The issuance will be used to finance expansion projects and support strategic goals, according to a bourse filing.

Sukuk Capital Company has been appointed as financial advisor for public, private, and exempt offerings.

The offerings will proceed after obtaining the necessary regulatory approvals.