IslamicFinance.de

Saudi Hollandi Capital has introduced five new investment funds to investors in the Saudi market, bringing the total number of investment funds to 22, including 10 Islamic Sharia-compliant funds.
These investments represent an attempt to maximize total return to investors at current growth rates achieved by the economies of these markets.

Arab News reported on 31 December that Saudi Hollandi Bank closed its SAR 775 mn first tranche of a SAR 1.5 bn Tier-II Sukuk issuance approved by the bank`s shareholders. The 10-year floating rate note is 2 % above SIBOR (Saudi Interbank Offered Rate) and can be called at the end of 5 years. According to the Chairman Mubarak Al-Khafrah Saudi Hollandi is the first to support its capital in this way. Saudi Hollandi Capital acted as sole lead manager & book runner for this transaction.

Geoff Calvert is the managing director.