Saudi domestic sukuk first explained

Author: | Published: 3 Apr 2012
The launch of Saudi Arabia’s first domestic sukuk programme shows that the country’s investors and regulator are growing more comfortable with the instrument, according to counsel on the deal.

Almarai’s landmark SAR2.3 billion ($613 million) programme was established on March 29, and included an inaugural issuance of SAR1 billion. The issue was privately placed with Saudi investors.

Bilal Kahlon of Baker & McKenzie in Bahrain, who...


 


Web seminars

Liability Management
Mar 23 2015 3:00 pm

close Register today to read IFLR's global coverage

Get unlimited access to IFLR.com for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice

register

*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb

register