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14/06/2015 18:23 AST
Saudi Arabia's Najran Cement has raised 400 million riyals ($106.7 million) through an Islamic bond of five years duration, it said in a statement on Sunday.
The sukuk was privately placed with investors and was priced at 1.4 percent over the three-month Saudi interbank offered rate (Saibor), the firm said in a stock market filing.
In May, Najran Cement said it would issue a riyal-denominated sukuk which will be used to refinance debt and for general purposes.
Saudi Fransi Capital, the investment banking arm of Banque Saudi Fransi, was the sole lead manager for the transaction.
Reuters
17/06/2015
International law firm Clifford Chance has advised Najran Cement Company on its debut sukuk issuance. The sukuk was issued with a face value of SAR400 million, with a floating profit rate linked to S
Press Release
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| YANSAB | 30.42 | -0.10 (-0.33 |
| LUBEREF | 94.70 | 0.75 (0.79 |
06/02/2026
Over three days at the Kuwait Oil & Gas Show and Conference (KOGS 2026), National Bank of Kuwait took part in dynamic networking activities, expert-led discussions, and targeted knowledge-sharing eng
Kuwait Times
06/02/2026
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, on Thursday signed a 30-year concession agreement with Aqaba Development Corporation (ADC) to manage an
Trade Arabia
06/02/2026
NMDC Group, a global leader in engineering, procurement, construction and marine dredging, today announced a strong set of financial results for 2025, reporting revenues of AED28.8 billion ($7.84 bil
Trade Arabia
05/02/2026
Invest Qatar, the Investment Promotion Agency of Qatar, and Doha Bank have announced a strategic partnership aimed at further enhancing the ease of doing business for foreign investors entering the Q
Gulf Times
05/02/2026
In celebration of Kuwait's national holidays, in which the country commemorates its beautiful history and achievements, National Bank of Kuwait announced a limited-edition issuance of KWD Visa Prepai
Kuwait Times
Financial Information Co.
Saudi Arabia