The Saudi Stock Exchange’s benchmark index Tasi closed 0.45% lower at 6,956.53 points. While market bellwether SABIC added 0.27% to reach SR92. Dairy food giant Almarai ended unchanged at SR66.00.
Earlier in the day, Almarai said it plans to issue its second tranche of an SR-denominated Islamic bond (sukuk) under its sukuk programme, totaling SR2.3bn ($613m), in line with the approval of the extraordinary general assembly held on Nov. 19 2011. This second tranche of Sukuk will be a private offering to sophisticated investors resident in the Kingdom of Saudi Arabia………………………………………..Full Article: Source