Development Works Food Co. Announces the Start of Issuing Murabaha instruments denominated in Saudi Riyals

Development Works Food Co. Announces the Start of Issuing Murabaha instruments denominated in Saudi Riyals

|Element List||Explanation|

|Introduction||With reference to the announcement of Development Works Food Co. published on the Saudi Stock Exchange (Tadawul) website on 06/16/1444 AH (corresponding to 01/09/2023 AD) regarding its intention to issue sukuk and offer them through the Dinar Investment Company platform (www.dinar.sa), it is pleased Food Development Business Company Announcing the start date of issuing sukuk and the subscription period for institutions and individuals.|

|Offer Type||Murabaha instruments denominated in Saudi Riyals|

|Value of the offer||The value of the total offering for the first group of issues has been set at five million (5,000,000) Saudi riyals, noting that the value will be finally determined after the completion of the offering period and based on the market conditions at that time.|

|Offering start Date||2023-01-29 Corresponding to 1444-07-07|

|Offering end Date||2023-02-18 Corresponding to 1444-07-27|

|The targeted class of the issuance||The sukuk will be offered to natural and legal persons who are entitled to subscribe to the sukuk in the Kingdom of Saudi Arabia.|

|Name of Issuance Manager||Development Works Food Co. has appointed Dinar Investment Company as the sole arrangement Manager.|

|Minimum Subscription|| One check, with a nominal value of (1,000) Saudi riyals. For more details, please see the prospectuses prepared for the sukuk on the Dinar platform www.dinar.sa and the