Norton Rose Fulbright advises Impact46 on iOud Sukuk

Norton Rose Fulbright has advised Impact46, acting as sole financial advisor and arranger, on the establishment of a senior unsecured Sukuk issuance programme by Intelligent Oud Company for Trading (iOud), alongside the first issuance of Sukuk under the programme on a public offer basis to investors in the Kingdom of Saudi Arabia (KSA).

About iOud

iOud is a Saudi Exchange-listed developer, manufacturer and distributor of scented agarwood products, including oud, incense and fresheners.

Legal team

The Norton Rose Fulbright team advising on the transaction was led by partner Hamed Afzal (pictured), supported by senior associates Ganna Vlasenko and Yousef Al Amly, and trainee solicitor Mia Blundell.