Sabic launches third Sukuk issue
Saudi Basic Industries Corporation (Sabic), having obtained Saudi Capital Market Authority approvals, will embark on issuing its third Shari’ah compliant Sukuk. The road show will commence on 3 May and will last for 10 business days. The Sukuk issue is denominated in Saudi riyals. The Sukuk will be available to eligible GCC investors and will be subject to a minimum holding of SAR 10,000 ($2,671).