Almarai issues SAR1bn sukuk

Almarai issues SAR1bn sukuk

Published: March 19, 2012

HSBC helps Saudi dairy operator on debut issuance.

Almarai Company, a Saudi dairy operator, has issued its first sukuk, raising SAR1bn (US$266mn).

The issuance, a private offering to local investors, was almost five times oversubscribed.

HSBC arranged the sukuk.