15.04.2013 - SABIC to buy assets of SAR 5 bln Sukuk
Saudi Basic Industries Corporation (SABIC) has announced its intention to purchase the assets of its third Sukuk, amounting to SAR 5 billion. The purchase of the assets is in accordance with the terms and conditions of the Sukuk, which was issued in May 2008. “As a result of this, trading of the Sukuk will cease on 15 April 2013 and the amounts due to the Sukuk holders will be deposited to the Sukuk holders’ accounts on 15 May 2013 from the company’s available cash,” said a bourse filing. “Subsequently the Sukuk will be delisted and cancelled.”..............................................Full Article: Source
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