Thu, Aug 21, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Sipchem Sukuk three times oversubscribed

Posted on 06 July 2011

Shares of Saudi International Petrochemical Co., known as Sipchem, closed flat at SR23.35 on Monday as the Saudi Tadawul lead index dipped 0.52% to 6,625.87 points. Earlier in the day, Sipchem announced the successful closing of its first publicly listed Sukuk on June 29, 2011 of SR1,800m ($480m) which was upsized from the initial base case of SR1,500m due to the strong demand shown by interested investors.
The Sukuk provides Sipchem an alternate source to funding its projects using a Shariah-compliant Mudaraba structure……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031