Monday, 25 September 2017 10:30 GMT

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Saudi Alhokair completes USD133m sukuk issue

(MENAFN) Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co. said it has completed a five-year sukuk issue worth USD133 million, according to Arab New



Alhokair, which franchises brands such as Zara and Marks and Spencer in the Kingdom, did mention the pricing of the suku



The company said that the sukuk was sold in a private placement to investors in Saudi Arabi



The company intended to sign an agreement with a group of banks for a loan worth USD 261 million to repay existing loans and finance expansion
Saudi Alhokair completes USD133m sukuk issue

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