27.06.2012 - Saudi's Olayan issues $173mln sukuk

Olayan Group, one of the largest conglomerates in Saudi Arabia, has concluded its maiden issue of an Islamic bond, or sukuk, two sources with knowledge of the matter said on Tuesday. It is one of a number of Saudi entities that have priced their first local currency sukuk this year as interest in the country's debt market grows on the back of high investor liquidity and a desire to diversify funding sources away from bank loans...............................................Full Article: Source

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