Saudi International Petrochemical Co (Sipchem)
SIPCHEM to raise up to SR 2 bln from a sukuk to fund plant expansions
Sat, 2011-06-25 11:00 — newsdeskSaudi International Petrochemical Co (Sipchem) is expecting a raise up to 2 bln riyals (US$533.3 mln) from a planned Islamic bond offering to fund plant expansions. Deutsche Securities and Riyad Capital were appointed as joint lead managers for the sukuk.
Sipchem plans to part-finance three projects worth over US$1 bln with the sukuk sale.
Saudi's Sipchem plans $400m sukuk in Q1 2011
Fri, 2010-12-17 12:09 — newsdeskSaudi International Petrochemical Co (Sipchem) plans to raise at least 1.5 billion riyals ($400 million) by the first quarter of next year to finance expansion.
The funds will be used to finance the firm's capital expansion in its new projects.
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