Almarai to launch second Saudi riyal-sukuk
- Saudi Arabia: Monday, March 04 - 2013 at 17:22
The Saudi Stock Exchange's benchmark index Tasi closed 0.45% lower at 6,956.53 points. While market bellwether SABIC added 0.27% to reach SR92. Dairy food giant Almarai ended unchanged at SR66.00. Earlier in the day, Almarai said it plans to issue its second tranche of an SR-denominated Islamic bond (sukuk) under its sukuk programme, totaling SR2.3bn ($613m), in line with the approval of the extraordinary general assembly held on Nov. 19 2011. This second tranche of Sukuk will be a private offering to sophisticated investors resident in the Kingdom of Saudi Arabia. Subject to market conditions, Almarai will hold several meeting during the next two weeks, with interested investors. "Shareholders will be updated with any progress in this regard," said Almarai which has mandated NCB Capital to act as sole dealer for this second tranche of sukuk.
- HP Enterprise Services signs global agreement...
- Boeing delivers 777-300 jetliner to Saudia
- Qatar Airways announces expansion on three...
- Du launches BlackBerry Q10 4G in UAE
- Samsung Electronics Levant and BCI launch...
- BBM coming to iPhone and Android this summer
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.