Connecting intelligence with intelligence

×
×
Advertisement

Feb 20 2012

Almarai to issue sukuk

JEDDAH - Almarai Co, the Gulf's biggest dairy firm by market value, plans to start a road show this week to issue a riyal denominated Sukuk, or Islamic bond, the firm said in a bourse statement Saturday.
"Subject to market conditions, Almarai will hold several meetings this week with interested investors," the firm said in the statement.
Almarai has mandated HSBC to act as arranger, the statement added. Last year, Almarai got shareholder approval for an Islamic bond sale and also said it plans to invest SR4 billion ($1.1 billion) in the poultry sector.

© The Saudi Gazette 2012


© Copyright Zawya. All Rights Reserved.


Be the first to comment

Send This Article To Your Friends

All fields are required.

Use commas for multiple email addresses

We'll use your email address to send the article on your behalf and it will not be collected or used for any other purposes.

X