18.10.2011 - Almarai may tap Islamic bond market to finance expansion
Almarai Co., Saudi Arabia’s largest food producer by market value, may set up its first Islamic bond program by early 2012 as it seeks financing for expansion. The riyal-denominated sukuk would be available only to the local market and would help finance an “ambitious capital expenditure development plan and working capital needs,” Chief Financial Officer Paul-Louis Gay said.............................................Full Article: Source
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