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24/06/2014 07:11 AST
Saudi Arabia’s National Petrochemical Co (Petrochem) has completed a 1.2 billion riyal ($319.9 million) debut sukuk issue, it said in a bourse filing on Monday.
The Islamic bond, which has a five-year lifespan, was priced at 170 basis points over the six-month Saudi interbank offered rate (Saibor).
Deutsche Bank’s Saudi Arabian arm and the investment banking arm of Riyad Bank were the lead arrangers for the issue, according to the statement.
A number of Saudi companies have been tapping the local sukuk market in recent months, many for the first time, as they look to take advantage of abundant liquidity among Saudi investors to secure cheap borrowing rates and diversify away from traditional funding sources.
Reuters
21/02/2013
National Petrochemical Company (PETROCHEM) has announced the audited consolidated financial results for the year ending December 31, 2012 as follows:
1) The net loss was SR (463.5) mi
Tadawul
20/01/2013
In reference to Petrochem announcement via Tadawul on 9/12/2012 regarding the continuation of its shutdown at its Saudi Polymers Company project, the company would like to inform its shareholders tha
Tadawul
20/01/2013
The National Petrochemical Company (PETROCHEM) announces its interim consolidated financial results for the period ending December 31, 2012 (Twelve Months) as follows:
1) The net loss for t
Tadawul
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
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