DEAL: Saudi restructuring sets perpetual sukuk precedent

Lucy Frost

February 16, 2022

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Muslims gathered for worship Nabawi Mosque, Medina, Saudi Arabia

Legal teams chose the new structure to adhere to competing Sharia compliance requirements and Saudi banking regulation, while pleasing creditors in a way that was commercially-viable for the company

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Lucy Frost

EMEA reporter

Lucy joined IFLR as a reporter in 2021. Before this, she graduated from Oxford University and completed an NCTJ Diploma in Multimedia Journalism while interning at the Financial Times. She covers a wide range of areas including regulation, M&A and ESG. With a background in sustainability and financial journalism, she is particularly interested in the role of the private sector in the transition to net-zero.