Saudi Binladin Group SR1 billion sukuk al-murabaha

25/6/2015
Murabaha, Sukuk

SR 1 billion

$ 266.627 million

Completed

25/6/2015


Overview:

  • Saudi Binladin Group has undertaken a SR1 billion sukuk (Islamic bond) issue.
  • The sukuk has an annual yield of 2.5% and utilises a sukuk al-murabaha structure.
  • GIB Capital and BNP Paribas acted as joint lead managers, with GIC acting as coordinator.
  • The funds raised will be used to refinance a phase of the construction of the King Abdulazizi International Airport.

Sam Duke - Editor

Jurisdiction:

Saudi Arabia

Deal types:

Murabaha
Sukuk

Practice areas:

Capital markets : Debt
Islamic finance

Industry sector:

Construction and materials


Firms:

Party: Saudi Binladin Group (Issuer)


Party: GIB Capital (Coordinator, Joint lead manager)

Party: BNP Paribas (Joint lead manager)

Lawyer: Stuart Ure