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Latham and Watkins advises on innovative Sipchem Mudaraba Sukuk

Posted on 08 July 2011

Latham & Watkins advised Deutsche Securities Saudi Arabia LLC and Riyad Capital as Joint Lead Managers and Joint Bookrunners in the issuance of a SR1,800,000,000 Mudaraba Sukuk by Saudi International Petrochemical Company’s ‘Sipchem’.
Established in 1999, Sipchem is one of the largest petrochemical companies in Saudi Arabia and was listed on the Saudi stock market in 2006. The Mudaraba Sukuk is registered form in denominations of SR100,000, subject to a minimum initial subscription amount of SR1,000,000……………………………………….Full Article: Source

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


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