Middle East Economic Survey

VOL. LIII

No 40

4-Oct-2010

SAUDI ARABIA

APICORP Prepares To Launch First Ever Bond

The Arab Petroleum Investments Corporation (APICORP) said last week that it is planning to launch a bond in what will be its first ever foray into capital markets. Of benchmark size (which is typically around $500mn) it will be issued in Saudi Riyals. The commercial bank was about to embark upon an investor roadshow as MEES went to press, and the paper is expected to be launched...