Saman, as the specialized bank of the food industry and the first choice of its manufacturers, financed the brand to launch a new production line, using sukuk securities. Saman was the guarantor of the bonds while the underwriter was Kardan Investment Bank, a subgroup of Saman Financial Group. The sales agent was Saman Bank’s brokerage company.
The bonds were issued in order to buy production and packaging machinery for the brand factory based on rental purchase.
The bank is open to finance similar development and production projects and you can contact the financing office for further information.