Middle East Economic Survey

VOL. LIV

No 35

29-Aug-2011

SAUDI ARABIA

Satorp Selects Three Banks For Saudi Arabias First Shari'a-Compliant Sukuk

Saudi Aramco Total Refining and Petrochemical Company (Satorp) has selected three banks to arrange an Islamic bond issue to help finance its refinery complex at Jubail (MEES, 8 August). Satorp appointed Deutsche Securities Saudi Arabia, Samba Capital and Investment Management Company, and Saudi Fransi Capital as joint lead managers and bookrunners....