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Sabic to issue its 3rd sukuk
- Saudi Arabia: Wednesday, April 30 - 2008 at 10:37
The Saudi Basic Industries Corporation (Sabic), the Arab world's largest publicly traded company, has received approval to sell as much as 5 billion riyals ($1.33bn) of Islamic bonds. The sale, which will be the company's third sukuk, starts on May 3 and will last for 10 business days. The Sukuk will be available to eligible GCC investors and will be subject to a minimum holding of SAR 10,000.
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Jeff Florian, Senior ReporterWednesday, April 30 - 2008 at 10:37 UAE local time (GMT+4)
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