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31/08/2015 05:52 AST
Saudi Arabia's Al Othaim Real Estate and Investment Co, owner of five shopping malls in the kingdom, has raised 1 billion riyals ($267 million) through a debut sukuk issue, two banking sources said on Sunday.
The five-year issue was priced at 170 basis points over the six-month Saudi interbank offered rate, the sources said.
The company, also known as Othaim Malls and part of family owned conglomerate Al Othaim Holding, began marketing the sukuk in early August, earmarking part of the planned proceeds to fund expansion plans.
Othaim Malls is building five shopping centres, three of which are likely to be completed by end of the year, with the rest finalised by the end of 2016.
A company source, who declined to be named, said the sukuk settlement was on Sunday.
The transaction was arranged by the investment banking arms of Banque Saudi Fransi, Gulf International Bank and National Commercial Bank.
Gulfnews
11/08/2015
JEDDAH: Saudi Arabia's Al-Othaim Real Estate and Investment Co., owner of five shopping malls in the Kingdom, is marketing a five-year debut sukuk issue which could raise up to SR1 billion ($267 mill
Arab News
09/06/2015
Saudi Arabia's Al Othaim Real Estate and Investment Co, owner of five shopping malls in the kingdom, has revived plans to issue a debut local currency Islamic bond, probably after the summer, two sou
Reuters
04/03/2014
The CMA Board has issued its resolution approving Abdullah Al Othaim Markets Company's request to increase its capital from SAR (225,000,000) to SAR (450,000,000) through issuing one bonus share for
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| NAHDI | 118.00 | 4.80 (4.24 |
| ANAAMHOLDING | 18.54 | -0.72 (-3.74 |
| BINDAWOOD | 6.49 | 0.00 (0.00 |
| ALDAWAA | 68.30 | -0.60 (-0.88 |
| ALMUNAJEM | 87.00 | -1.60 (-1.81 |
10/03/2025
Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit
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Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).
This achievement make
Saudi Gazette
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Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+
Arab News
09/03/2025
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The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
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