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Banks picked for Almarai's $453m sukuk

Published: 05/09/2013 04:25:02 AM GMT
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DUBAI: Saudi Arabian dairy producer Almarai has mandated four banks to arrange the sale of a 1.7 billion riyals ($453.3 million) Islamic hybrid bond, or sukuk, the company said yesterday. The Gulf's largest dairy firm has mandated the investment ... (more)

DUBAI: Saudi Arabian dairy producer Almarai has mandated four banks to arrange the sale of a 1.7 billion riyals ($453.3 million) Islamic hybrid bond, or sukuk, the company said yesterday. The Gulf's largest dairy firm has mandated the investment ...

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