From Arabnews.com: Saudi Industrial Projects Co. (Pepsi Cola Bugshan) is negotiating for $100 million financing with leading Islamic financial institutions in the Gulf region for an upcoming mega project.

Mohamed H. Zakaria, senior vice president of Ahmed Salem Bugshan Group, said the group wanted to meet all its future financial requirements from Shariah-compliant institutions. This was part of a policy decision to transform its borrowings from conventional banks to Islamic banks and institutions…………………………………Full Article: Source