Petrochem fully redeems SAR 1.2 bln sukuk

23/06/2019 Argaam

 

National Petrochemical Co. (Petrochem) has fully redeemed SAR 1.2 billion Shariah compliant sukuk, the company said in a bourse statement.

 

The sukuk have a nominal value at redemption of SAR 1 million, the statement added.

 

The instruments were issued on June 23, 2014 and will be suspended from trading in the market starting from June 23, 2019.

 

The process will have a financial impact on Q2 2019 financials, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.