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FinancialNews


  • 25-03-21

    Arabian Centres Company sets to sell dollar-denominated Islamic bonds

    (MENAFN)The Arabian Centres Company, one of Saudi Arabia's biggest retail groups, set to sell dollar-denominated Islamic bonds.

    During a Tadawul filing, the company stated that the worth of the sukuk issuance to be determined, declaring that it is going to be based on market conditions, funding requirements, and strategy.

    The Saudi group runs 21 shopping centers across the Kingdom.

    Arabian Centres spotted aUSD500 million sukuk as it exposed plans for a huge improvement that is going to still until 2024.

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