Middle East Economic Survey

VOL. LIV

No 17

25-Apr-2011

SAUDI ARABIA

Saudi BinLadin Repays $187Mn Sukuk

Saudi BinLadin Group announced on 16 April that it repaid its maturing short term SR700mn ($187mn) sukuk on its maturity date of 12 April. The sukuk, settled through Tadawul, was originally issued in July 2010 and was the first short term issuance in Saudi Arabia, the first credit enhanced structure incorporating the sharing of assigned government contract payment, and the first issuance on...