HSBC Saudi Arabia

Savola Group announces Sukuk programme

Saudi Arabia-based Saviola Group is about to launch a new Sukuk program, according to a filing on the Saudi exchange from December 15. The Sukuk will be issued in a series of tranches and its value will not exceed the Company's paid-up capital.

Baker & McKenzie act for Saudi Binladin Group on SAR 1,000,000,000 sukuk

Baker & McKenzie assisted Saudi Binladin Group with a SAR 1,000,000,000 short term sukuk al murabaha. The sukuk was issued by SBG Sukuk Limited as an exempt offering in Saudi Arabia. The sole Lead Manager in relation to the transaction is HSBC Saudi Arabia.

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Saudi's Almarai raises $267 mln from debut sukuk

Almarai Co. raised 1 billion riyals ($266.6 million) through a sukuk, or Islamic bond, launched on March 7. It is the first time that Almarai has launched public debt, having started roadshows for the offering last month.
The arranger of the sukuk was HSBC Saudi Arabia.

HSBC leads $4bln Saudi Sukuk

It appears that HSBC Saudi Arabia led a very successful SR15 billion ($4 billion) 10-year Sukuk issuance for the General Authority of Civil Aviation (GACA). The funds from the Sukuk launch will be used for the construction of the new King AbdulAziz International Airport in Jeddah.

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