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Saudi dairy firm Almarai plans Islamic bond sale

Posted on 17 October 2011

Saudi Arabia’s Almarai Co is to seek shareholder approval of its plan to issue Islamic bonds, or sukuk, at a general assembly meeting on Nov. 19, the company said in a bourse statement on Sunday.
Shareholders will be asked to approve the company’s bond issue programme, and to authorise its board of directors to issue the sukuk, once all regualtory approvals are in place……………………………………….Full Article: Source

 
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