Tagged: HSBC Saudi Arabia

Savola Group announces Sukuk programme

Savola Group announces Sukuk programme

Saudi Arabia-based Saviola Group is about to launch a new Sukuk program, according to a filing on the Saudi exchange from December 15. The Sukuk will be issued in a series of tranches and its value will not exceed the Company’s paid-up capital.

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 …

HSBC leads $4bln Saudi Sukuk

HSBC leads $4bln Saudi Sukuk

It appears that HSBC Saudi Arabia led a very successful SR15 billion ($4 billion) 10-year Sukuk issuance for the General Authority of Civil Aviation (GACA). The funds from the Sukuk launch will be used for the construction of the new King AbdulAziz Int…