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FINANCIAL NEWS
Saudi Petrochem issues USD319.9m sukuk
25 Jun 2014
(MENAFN) Saudi Arabia’s National Petrochemical Co. (Petrochem) has recently completed issuing sukuk worth USD319.9 million, according to Arab News.
The Islamic bond, which has a five year lifespan, was priced at 170 basis points over the six-month Saudi interbank offered rate (Saibor).
A number of Saudi companies have been tapping the local sukuk market in recent months to take advantage of abundant liquidity among Saudi investors to secure cheap borrowing rates and diversify away from traditional funding sources.
More News
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04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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