Petrochem hires financial advisors for sukuk issue

01/06/2014 Argaam

National Petrochemical Company (Petrochem) hired Riyad Capital and Deutsche Securities to arrange its debut sukuk issue.

The private placement will be dedicated to experienced investors residing in Saudi Arabia, the company said in a filing to Tadawul.

Petrochem started meetings with investors after which the issue’s tenure, value and return will be specified.

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