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Saudi Sipchem says board approves sukuk issuance

RIYADH, March 28, 2016

Saudi International Petrochemical Co (Sipchem) said on Monday that its board had approved issuance of sharia-compliant bonds.

The firm appointed Riyad Capital and NCB Capital as lead managers for the issue of sukuk, it said in a bourse statement.

The size of the issue, the timing and other details were not disclosed in the filing. - Reuters




Tags: Saudi Arabia | | sukuk | sipchem | Issuance |

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