05.03.2013 - Almarai to launch second Saudi riyal-sukuk
The Saudi Stock Exchange's benchmark index Tasi closed 0.45% lower at 6,956.53 points. While market bellwether SABIC added 0.27% to reach SR92. Dairy food giant Almarai ended unchanged at SR66.00. Earlier in the day, Almarai said it plans to issue its second tranche of an SR-denominated Islamic bond (sukuk) under its sukuk programme, totaling SR2.3bn ($613m), in line with the approval of the extraordinary general assembly held on Nov. 19 2011. This second tranche of Sukuk will be a private offering to sophisticated investors resident in the Kingdom of Saudi Arabia...............................................Full Article: Source
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