19.07.2010 - Saudi's Binladin group sells sukuk amid tight credit
From Arabianbusiness.com: Private contractor Saudi Binladin Group has raised 700 million riyals ($187 million) from the kingdom's first short term Islamic bond, opening a new window for credit-hungry firms amid tight lending conditions. In a statement on Saturday, the issue's security agent, SABB - which is HSBC's Saudi affiliate - did not disclose the maturity of the sukuk. It said the placement was private, offered to Saudi investors and issued through Saudi BinLadin Sukuk Co..............................................Full Article: Source
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