HSBC arranges and issues Almarai first Sukuk for SR1bn
2012-03-18 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: HSBC announced that it has helped arrange the first ever Sukuk program in Saudi Arabia. The program was set up for Almarai Company ("Almarai") for an amount up to the size of its paid up capital. HSBC also assisted Almarai in the debut issuance under this newly established program, in an amount of SR1bn ($267m), with further issuance expected in the future.  

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