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Fawaz Abdulaziz Alhokair to issue debut Sukuk

May 27, 2014

Saudi Arabia's Fawaz Abdulaziz Alhokair & Company is starting meetings with interested investors

Fawaz Abdulaziz Alhokair has announced that, based on the approval of the Extraordinary General Assembly on March 25 2014, it will issue Sukuk and has started having meetings with interested investors.

"This Sukuk issuance is the first for the company and will be a debut private offering, denominated in Saudi Riyals, to sophisticated investors resident in the Kingdom of Saudi Arabia," said a bourse filing. "The company will update the shareholders with any developments in this matter. The Company has appointed Samba Capital and Investment Management Company to act as lead manager and bookrunner of the offering."

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Source: CPI Financial

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