Sipchem sukuk raises SR1.8 billion

Saudi International Petrochemical Company (Sipchem) declared the successful closing of its first publicly listed sukuk of SR1.8 billion which was upsized from the initial base case of SR1.5 billion due to the strong demand shown by interested investors.
A large number of investors showed interest in the Sipchem sukuk with total orders received in the range of SR4.5 billion. Investors interested in the program included government institutions, insurance companies, investment and money market funds, financial institutions and individuals.

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