Saudi Arabia's dairy leader Almarai soars on sukuk issuance
2012-03-12 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Saudi Arabian Tadawul market gained the trading session straight Monday, closing 0.10% higher at 7,539.7 points. The GCC's largest dairy producer Almarai jumped 2.28%. Earlier in the day, Almarai added to its statement from March 11 on its successfull completion of the first Sukuk issuance for an amount of SR1bnon 7th March 2012, that tha "total order book reached more than SR4.7bn , i.e. 4.7 times the issuance size. The Sukuk are private offering to sophisticated investors resident in the Kingdom of Saudi Arabia. Almarai would like to clarify the Sukuk are seven years floating rate," the firm said in a statement to the Tadawul bourse. Petrochemical leader Sabic dipped 0.70%. on profit booking. Sabic gained over nine percent year-to-date.  

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