Almarai redeems SAR 1.7 bln senior sukuk

30/09/2018 Argaam

 

Almarai, one of the top dairy and juice producers in the Gulf, has fully redeemed SAR 1.7 billion worth of senior sukuk, it said in a statement to Tadawul on Sunday.

 

The five-year riyal-denominated sukuk was issued on Sept. 30, 2013.

 

The financial impact of the transaction is expected to appear in Q3 results, the statement added.

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