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FINANCIAL NEWS
Saudi Almarai gathers USD426b from sukuk issue
18 Sep 2015
(MENAFN) Almarai, the well-known Saudi-based dairy company has completed an USD426 million sukuk issue, as it has declared in a recent statement.
In more detail, according to Almarai, the Islamic bond was acquired by professional investors in the Kingdom and has a lifespan of seven years.
Both by HSBC Saudi Arabia and Samba Capital will join to organize Almarai’s plan to raise USD533 billion from the offering, and things looks good so far.
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