Saudi Arabia’s National Industrialization Co. (Tasnee) has priced a SR2 billion ($533.3 million) Islamic bond (sukuk), the first time the petrochemicals firm has tapped the bond markets. The privately placed, seven-year transaction was issued at par and
Saudi Arabia's National Industrialization Co (Tasnee) has priced a 2 billion riyals ($533.3 million) Islamic bond, or sukuk, the first time the petrochemicals firm has tapped the bond markets. The privately-placed, seven-year transaction was issued at
National Industrialization Co. (Tasnee) and Sahara Petrochemical Co. have agreed an SR5.09 billion ($1.36 billion) loan with nine local banks to fund development of three new factories. The 16-year syndicated loan will finance investment in a new complex
Saudi Arabia's National Industrialisation Company (Tasnee) will begin meeting investors next week ahead of a potential debut Islamic bond, or sukuk, the petrochemicals firm said in a regulatory filing. HSBC's Saudi Arabian unit has been selected to