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.
For more details on Sipchem board approves issue of SR1.5 bln Islamic bond (sukuk) to fund new ventures click here
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