Othaim Malls plans debut Islamic bond in June: report
03/06/2014 2:09 am EDT


share with your network:




Saudi-based Al Othaim Real Estate and Investment Co, owner of five shopping malls in the kingdom, plans to issue its debut riyal sukuk as early as this month, Reuters has reported, citing two sources aware of the matter. The transaction is likely to be worth between SR500m and SR1bn ($133-$267m), one of the sources said. The firm, also known as Othaim Malls, has picked Deutsche Bank and the investment banking arm of Banque Saudi Fransi to arrange the Islamic bond, the sources said.

About the Author



share with your network:


Share your view



© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.