Feb 20 2012
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Almarai to issue sukuk
"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
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