25.04.2013 - Baker & McKenzie act for Saudi Binladin Group on landmark Sukuk
Baker & McKenzie recently acted for the Saudi Binladin Group in relation to a SAR 1.3 billion (US$347 million) Sukuk al-ijara issued by SBG Sukuk Limited as an exempt offering in the Kingdom of Saudi Arabia. The Sukuk structure benefits from security over prime real estate in Jeddah as well as a corporate guarantee from the Saudi Binladin Group. The Baker & McKenzie team was led by Partner Bilal Kahlon, who commented, “We are very pleased to have, once again, assisted the Saudi Binladin Group on their Sukuk issuance. The structure adopted for the issuance was particularly complex and innovative, setting a new standard for the Saudi debt capital market.”..............................................Full Article: Source
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