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Allen & Overy advises HSBC on debut Saudi Sukuk program

Posted on 23 March 2012

Allen & Overy has advised HSBC Saudi Arabia as arranger and dealer on the establishment of Saudi Arabia’s first domestic Sukuk programme. The SAR 2.3 billion programme was established by Almarai Company, one of the largest integrated consumer food producers in the Middle East. Allen & Overy also advised HSBC on the first offering under the programme, a seven-year SAR 1 billion Sukuk.
The Allen & Overy team in Riyadh was led by Riyadh-based managing partner Julian Johansen and senior associate Jonathan Ibraaheem Marshall………………………………………..Full Article: Source

 
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