From Arabianbusiness.com: Private contractor Saudi Binladin Group has raised 700 million riyals ($187 million) from the kingdom’s first short term Islamic bond, opening a new window for credit-hungry firms amid tight lending conditions.
In a statement on Saturday, the issue’s security agent, SABB - which is HSBC’s Saudi affiliate - did not disclose the maturity of the sukuk. It said the placement was private, offered to Saudi investors and issued through Saudi BinLadin Sukuk Co……………………………………….Full Article: Source