| 14.09.2011 - Saudi Aramco, Total venture to raise $1 bln Sukuk |
| Saudi Aramco and France's Total are set to issue up to 3.75 billion Saudi riyals ($1 bln) in Islamic bonds, or sukuk, with final pricing expected by the end of the month, lead arrangers said on Tuesday. The sukuk, open only to Saudi investors, will be issued by Saudi Aramco Total Refining and Petrochemical Co (SATORP) to help finance the Jubail refinery project. The company got regulatory approval for the issue in August..............................................Full Article: Source |