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Saudi BinLadin repays $186mln Islamic bond

Posted on 18 April 2011

The Saudi BinLadin Group, one of the leading contractors in the region, said it has repaid its short term SR700 million ($186.6 million) Islamic bond in full at maturity on April 12.

The sukuk, settled through Tadawul, was originally issued on July 2010 and was the first short-term one ever in the Saudi market, said a statement from the Saudi builder………………………………………Full Article: Source

 
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