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14/06/2015 18:23 AST
Saudi Arabia's Najran Cement has raised 400 million riyals ($106.7 million) through an Islamic bond of five years duration, it said in a statement on Sunday.
The sukuk was privately placed with investors and was priced at 1.4 percent over the three-month Saudi interbank offered rate (Saibor), the firm said in a stock market filing.
In May, Najran Cement said it would issue a riyal-denominated sukuk which will be used to refinance debt and for general purposes.
Saudi Fransi Capital, the investment banking arm of Banque Saudi Fransi, was the sole lead manager for the transaction.
Reuters
17/06/2015
International law firm Clifford Chance has advised Najran Cement Company on its debut sukuk issuance. The sukuk was issued with a face value of SAR400 million, with a floating profit rate linked to S
Press Release
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 61.60 | -0.60 (-0.97 |
| SABIC | 55.50 | -0.25 (-0.45 |
| SABICAGRINUTRIENTS | 117.00 | 0.00 (0.00 |
| LIMEINDUSTRIES | 12.16 | 0.11 (0.91 |
| APICO | 36.92 | -0.08 (-0.22 |
26/11/2025
AI is driving generational opportunity across every industry, society, and economy - but at the crux of this global transformation is the crucial relationship between AI and energy, Aramco's Executiv
Arab News
26/11/2025
Efsim Facilities Management Company, a leading provider of integrated facilities management (IFM) services across the Kingdom of Saudi Arabia, today (November 25) announced its intention to proceed w
Trade Arabia
26/11/2025
GFH Partners, a Dubai International Financial Center (DIFC) headquartered investment manager and the global real estate investment arm of GFH Financial Group, has acquired a majority stake in Devmark
Trade Arabia
25/11/2025
Taqa Energy Services, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement one of the emirate's largest bu
Trade Arabia
25/11/2025
Saudi Real Estate Company (Al Akaria) has announced the signing of a framework agreement with Expo 2030 Riyadh Company to execute the early works for the Expo 2030 Riyadh project.
The contra
Trade Arabia
Financial Information Co.
Saudi Arabia