According to Arabia Net, the company clarified in a statement that these sukuk may be issued from time to time either in the local market or international markets in any currency through a single issuance process or several issues, in accordance with the long-term policy adopted by the company to obtain financing through More resilient and unsecured markets.
The shareholders also agreed to grant the Board of Directors general and unconditional powers to take all necessary measures, either directly or through delegation, to take any decision, to conduct any negotiation, to agree to and enter into any agreement, bond or other document that may be necessary to implement this transaction, And to take a decision regarding the number and value of any sukuk that will be offered, and the timing of any sukuk issue, based on market conditions and company financial conditions, without referring to the shareholders' general assembly.
