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FinancialNews


  • 08-05-13

    Saudi- Almarai plans to sell USD500m worth of sukuk

    (MENAFN) Saudi Almarai company chief financial officer, Paul Louis Gay, announced that the company plans to sell USD500 million of its international sukuk, reported Arabian Business. The dairy producer aims to invest up to USD800 million per year in new factories and farms. Many companies are moving away from loans and traditional financing methods, to more diversified investment options such as bonds It's worth noting that the Saudi Electricity Co oversubscribed its bonds issuance at higher rates.

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