Demonstrating its Islamic finance expertise, Linklaters recently advised on the issuance of 3.749 billion riyals (about $1 billion) worth of sukuk, or Islamic bond certificates, by Arabian Aramco Total Services Company (AATSC) in a transaction that represents the first-ever Sharia-compliant greenfield project sukuk.
Acting as international legal counsel, Linklaters advised Deutsche Securities Saudi Arabia, Samba Capital & Investment Management Co and Saudi Fransi Capital as joint lead managers and joint bookrunners on the issuance of the sukuk certificates, which are part of the wider financing for a $14 billion, 400,000-barrel-per-day refinery and petrochemical project at the Jubail Industrial City in Saudi Arabia..............................................Full Article: Source
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