IslamicFinance.de

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.

Three banks were picked by Saudi Aramco and France's Total to arrange an Islamic bond (sukuk) and to finance their joint venture in the kingdom.
Lead managers were appointed and joint bookrunners for the sukuk: Deutsche Securities Saudi Arabia, Samba Capital and Saudi Fransi Capital.