Alhokair completes $133m Islamic bond issue

June 26, 2014 12:04 am

Saudi Arabian retailer, Fawaz Abdulaziz Alhokair Co said it has completed a SR500m ($133m), five-year sukuk issue, its first issue of an Islamic bond, Reuters has reported. The company did not give the pricing of the sukuk, which was sold in a private placement to investors in Saudi Arabia.