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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Saudi’s Sipchem plans $400 mln sukuk in Q1 2011

Posted on 15 December 2010

From Reuters: Saudi International Petrochemical Co (Sipchem) plans to raise at least 1.5 billion riyals ($400 million) by the first quarter of next year to finance expansion, the firm said on Tuesday.
“We are expecting to raise a minimum of 1.5 billion riyals; hopefully, it can go up to 2 billion riyals,” Chief Executive Ahmad al-Ohali told Reuters……………………………………….Full Article: Source

 
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