Baker & McKenzie recently acted for the Saudi Binladin Group in relation to a SR1,000,000,000 short term sukuk al murabaha issued by SBG Sukuk Limited as an exempt offering in the Kingdom of Saudi Arabia.
The Baker & McKenzie team was led by Partner Bilal Kahlon, who commented, “Having assisted the Saudi Binladin Group on all of their previous sukuk transactions since 2008, we are very pleased, once again, to have assisted the Saudi Binladin Group on this important transaction. The strong response the offering received from the Saudi market is a testament to the strength of the Saudi Binladin Group.” (Press Release)