By Alex Warren “The minimum amount we expect to generate is SR1 billion,” says al-Morished, “but this could reach up to SR3 billion. We have been talking to Saudi British Bank about arranging the deal, and interest in the issue has already been extremely high in Saudi Arabia.”
Riyadh-listed Sabic is owned 70% by the Saudi government and 30% by GCC investors, which has led some analysts to consider the sukuk as effectively a sovereign issue rather than a strictly corporate bond.
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