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Saudi Hollandi seeks $400m sukuk
- Saudi Arabia: Thursday, October 16 - 2008 at 15:00
Saudi Hollandi bank plans to seek shareholder approval to sell 1.5 billion riyals ($400m) of Islamic bonds, reported Reuters. The bank will hold a shareholder meeting to discuss the bond sale proposal on Nov. 11. Hollandi is the second Saudi firm this week to announce plans for a sukuk issue after property developer Dar Al-Arkan, Saudi Arabia's largest property developer by market value.
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Jeff Florian, Senior ReporterThursday, October 16 - 2008 at 15:00 UAE local time (GMT+4)
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