Guidance Capital Markets
Guidance Capital Markets closes $50m #sukuk issuance for Al Bayan group
Tue, 2016-05-17 16:44 — newsdeskGuidance Capital Markets announced it closed a three year Sukuk issuance for the Saudi Arabian conglomerate Al Bayan. The USD denominated Sukuk was issued last week through a private placement with three GCC banks, and was led by Guidance, who also acted as financial advisor to Al Bayan. The issuance is one of the first transactions of its kind, where a private conglomerate in KSA closed a USD dollar Sukuk through a private placement.
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