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Satrop to issue Islamic Bond for new refinery in Saudi Arabia

Wed, 2011-08-31 17:20 — newsdesk

Saudi Aramco Total Refining and Petrochemical (Satrop) has chosen three banks to arrange for its Islamic bond, that will help to finance the construction of a large refinery complex at Jubail on the Persian Gulf coast, Saudi Arabia. The three banks are: Deutsche Securities Saudi Arabia, Samba Capital and Saudi Fransi Capital.
The company's proposal is to construct a refinery worth $10bn.

Source: 

http://www.sukuk.me/news/articles/72/Satrop-to-issue-Islamic-Bond-for-ne...