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Saudi’s Almarai raises $267 mln from debut Sukuk

Posted on 12 March 2012

Saudi Arabia’s Almarai Co, the Gulf’s biggest dairy firm by market value, raised 1 billion riyals ($266.6 million) through a sukuk, or Islamic bond, issue on March 7, the firm said in a bourse statement on Sunday.
“Almarai successfully issued sukuk for 1 billion riyals on March 7, 2012. The orders reached 4.7 billion riyals, 4.7 times oversubscribed,” the statement said………………………………………..Full Article: Source

 
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