Saudi Hollandi places $666m sukuk

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Saudi Hollandi Bank has privately placed a SAR2.5bn ($666.6m) tier 2 Islamic bond or sukuk, the lender said in a bourse statement on Sunday.

The sukuk, which will support the Bank's capital base, has a tenor of ten years. It carries a half yearly profit of six- month Saudi Interbank Offered Rate (SIBOR) plus 1.55 per cent, Reuters said.

The lender’s net profit announced for the 9 months ended September 2013 was SAR1.15bn ($306m), an increase of 23 percent.

Related:

Market Performance

Saudi Hollandi Bank
44.5
0.0 0.0 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Breakdown in talks between Athens and its creditors plunged the...

Malaysia fund's $4.5bn rescue may weigh on Abu Dhabi's IPIC

Malaysia fund's $4.5bn rescue may weigh on Abu Dhabi's IPIC

International Petroleum Investment Co came to the aid of Malaysia...

Debt market beckons as Saudi bourse opens to foreigners

Debt market beckons as Saudi bourse opens to foreigners

Corporate bond issuance in the kingdom is the most active in...

Most Discussed