20.07.2010 - Saudi firms may tap short-term sukuk
From Gulf-daily-news.com: The successful sale on Saturday of a nine-month corporate sukuk will encourage similar issues in Saudi Arabia where access to longer-term financing is tight, HSBC said yesterday. HSBC's Saudi affiliate advised and managed the 700 million riyal ($187m) sukuk by private construction company Saudi Binladin Group (SBG) - the kingdom's first sukuk issue with a maturity of less than three years..............................................Full Article: Source
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