Saudi Arabia’s Almarai to issue 2 bln riyal sukuk

Almarai will issue a senior sukuk of up to 2 billion riyals to local investors. (Photo courtesy: Almarai)

Aug 18 Saudi Arabian dairy producer Almarai will issue a senior sukuk of up to 2 billion riyals ($533 million) to help finance investment plans, it said on Tuesday in a statement published on the bourse website.

The sukuk will be offered to local investors and is subject to market conditions, it said in its statement, adding it had mandated HSBC Saudi Arabia and Samba Capital and Investment Management Co to act as joint lead managers.

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Last Update: Wednesday, 20 May 2020 KSA 12:04 - GMT 09:04
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