Saudi Hollandi places $666m sukuk

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
10.3
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!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia, other issuers gear up as Gulf bond crush looms

Saudi Arabia, other issuers gear up as Gulf bond crush looms

Cash-strapped region gears up for one of its heaviest-ever periods...

Saudi central bank fights to curb money rate rise

Saudi central bank fights to curb money rate rise

Commercial bankers say more radical steps may be needed to fight...

Are the troubles easing for Saudi construction giant Binladin?

Are the troubles easing for Saudi construction giant Binladin?

Gulf kingdom's biggest builder appears to have pulled back from...

Most Discussed
sponsoredTracking