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Tokio Marine affiliate soars in Saudi bourse debut

Saudi Olayan Group issues $173 million sukuk

Olayan Group, one of the largest conglomerates in Saudi Arabia, has concluded its maiden issue of an Islamic bond, or sukuk, two sources with knowledge of the matter said on Tuesday.

June 27, 2012 9:58
 
Saudi Mobily signs $2.7B loan refinancing

Saudi Mobily signs $2.7B loan refinancing

Saudi Arabia's Etihad Etisalat (Mobily) signed a 10 billion riyals ($2.67 billion) sharia-compliant loan refinancing with a group of seven local banks, the telco said on Sunday, taking advantage of favourable borrowing rates in the kingdom.

February 12, 2012 2:26