Tagged: Almarai Co

Saudi’s Almarai will issue private Sukuk

Saudi’s Almarai will issue private Sukuk

Almarai Co, dairy and food producer in Saudi Arabia, has planned the issuance of the second tranche of its riyal-denominated sukuk programme in the coming months. The sukuk is directed towards private investors who are residents of the Kingdom. The fir…

Saudi’s Almarai raises $267 mln from debut sukuk

Saudi’s Almarai raises $267 mln from debut sukuk

Almarai Co. raised 1 billion riyals ($266.6 million) through a sukuk, or Islamic bond, launched on March 7. It is the first time that Almarai has launched public debt, having started roadshows for the offering last month.
The arranger of the sukuk was …

Almarai plans Islamic bond sale

Almarai plans Islamic bond sale

It seems that Almarai Co is to going to look for shareholder approval of its plan to launch sukuk at a general assembly meeting on Nov. 19.
Shareholders will be asked to accept the company’s bond issue programme, and to certify its board of directors t…