Nomu-listed Intelligent Oud Trading (iOud) is planning to issue a SAR-denominated sukuk through a public offering. The offering will be open to both retail and institutional investors.

The sukuk will be listed on the Tadawul Sukuk and Bonds Market.

Impact46 is the financial advisor and sole arranger for the deal.

(Writing by Ahmad Mousa; editing by Seban Scaria) ahmad.mousa@lseg.com