Friday, December 17, 2010

Sipchem board approves issue of SR1.5 bln Islamic bond (sukuk) to fund new ventures

Saudi International Petrochemical Co (Sipchem) plans a US$400 mln sukuk to raise a minimum of 1.5 billion riyals by the first quarter of 2011 to finance expansion. The issuance is expected by the firsst quarter of next year.

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