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SABIC SET TO LAUNCH ITS DEBUT ISLAMIC SUKUK
Saudi Press Agency Published in Saudi Press Agency on 05 - 07 - 2006

The Saudi Capital Market Authority (CMA) has given approval to SABIC to launch issuance of Sukuk in a total amount up to SR Three billion.
The minimum value set for each of these Sukuk is SR 50,000. The minimum subscription shall be SR 500,000 (10 Sukuk per subscriber).
If the amount is greater than SR 500,000, it will be calculated in multiples of SR 50,000.
This Sukuk will be the first to be launched in Saudi Arabia under the new Capital Market Law.
HSBC Group, one of the world's largest banking and financial services organizations, has been appointed as the lead manager and book runner for this pioneering issuance.
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05/07/2006 10:14 ت م

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