Saudi Aramco Begins Issuance Of Shariah-compliant US-dollar Denominated Sukuk
Category: Saudi Arabia

Saudi Arabian Oil Company, also known as Saudi Aramco, has announced the commencement of international sukuk, (international trust certificates) under its “Trust Certificate Issuance Program,” the Saudi Press Agency (SPA) reported on Monday.

In a statement carried by the SPA, the company said that the issuance of international sukuk begins on Monday (June 7) and will continue until June 17 (Thursday).

Aramco explained that the sukuk is compliant with the provisions of Islamic Shariah and US dollar-denominated and the amount of the sukuk will be subject to market conditions.

The company also said the program targets investors from the qualified institutions in the countries where the offering will take place in accordance with laws and regulations in force in those countries.

In another statement, Aramco announced the appointment of Alinma Invest, Al Rajhi Capital, BNP Paribas, Citi, First Abu Dhabi Bank, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, NCB Capital, Riyad Capital, SMBC Nikko, and Standard Chartered Bank as issuance managers.




Follow us on Facebook and Instagram

For Saudi Arabia Business Directory 
For Saudi Arabia Latest News 
For Saudi Arabia Daily Exchange Rates 
For Saudi Arabia Daily Gold Rates
For Saudi Arabia Latest Offers 

07 Jun, 2021 0 578
Posted Comments
@ All Rights Reserved
@ All Rights Reserved