Wednesday 21, February 2018 by

Maaden subsidiary successfully completes Sukuk issuance in Saudi

In a statement to the Saudi stock exchange, the Tadawul, Saudi Arabian Mining Company (Maaden) announced that its subsidiary, Maaden Phosphate Company (MPC) has successfully completed the offering of its Shari’ah compliant sukuk for the amount of SAR 3.5 billion ($933,333,000) (consisting of 3500 certificates with a nominal value of SAR 1,000,000 each).

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