last trade: 11.00 SAR (31 August 2016) 0.00
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17 June 2015 International law firm Clifford Chance has advised Najran Cement Company on its debut sukuk issuance. The sukuk was issued with a face value of SAR400 million, with a floating profit rate linked to SAIBOR and a maturity of five years.Stuart Ure, Capital Markets Partner at Clifford Chance Dubai commented: "We are delighted to have had the opportunity to advise the Najran team on accessPress Release - 17-Jun-2015
14 June 2015 Follow-up announcement relating to the issue by Najran Cement Company of Shariah-compliant Sukuk by way of a private placement.Further to the announcement by Najran Cement Company which was published on the stock exchange's (Tadawul) website on 18/7/1436 (corresponding to 7/5/2015) regarding its intention to issue Shariah-compliant Sukuk by way of a private placement, Najran Cement CoTadawul - 14-Jun-2015
Saudi Arabia's Najran Cement has raised 400 million riyals ($106.7 million) through an Islamic bond of five years duration.Reuters - 14-Jun-2015