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- Saudi Arabia surpasses $1bn sukuk milestone with May issuance
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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 | 53.10 | 1.70 (3.30 |
| SABIC | 59.10 | -0.20 (-0.34 |
| SABICAGRINUTRIENTS | 96.70 | -0.90 (-0.93 |
| MARBLEDESIGN | 65.80 | -1.20 (-1.80 |
| APICO | 57.50 | 0.00 (0.00 |
21/05/2025
AD Ports Group, a leading facilitator of global trade, logistics, and industry, has signed a Head of Terms Agreement with Advario, a leading global provider of tank storage and infrastructure solutio
Trade Arabia
21/05/2025
Commercial Bank has partnered with Qatar Airways Privilege Club to reward Commercial Bank customers with bonus Avios for international transfers made through the CBQ Mobile App and Internet Banking.
Gulf Times
21/05/2025
e& UAE has rolled out the region's first commercial 5G network slicing service, offering tailored connectivity to business customers via its advanced standalone 5G network.
The launch marks
Gulfnews
21/05/2025
Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia and HSBC, the global banking and financial services organisation, have together been awarded the Middle East and Asia C
Saudi Gazette
21/05/2025
Hana Al Rostamani, Group CEO at First Abu Dhabi Bank, has been ranked as the most powerful woman in business in the GCC, according to Fortune magazine's latest list.
Along with Al Rostamani,
Khaleej Times
Financial Information Co.
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