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
