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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Saudi’s Kingdom Holding picks banks for debut bond - sources

Posted on 12 June 2012

Kingdom Holding, the investment vehicle of Saudi billionaire Prince Alwaleed bin Talal, has picked two banks to manage its maiden debt issue, a local currency bond, two sources said on Monday.
No date has been set for the issue, which is not seen as imminent. The firm, which is 95-percent owned by Prince Alwaleed, a nephew of Saudi Arabia’s king and a shareholder in Citigroup Inc., has mandated Banque Saudi Fransi and Deutsche Bank to arrange the riyal-denominated transaction, the sources said………………………………………..Full Article: Source

 
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