Samba’s EMTN program to diversify funding base: CEO

Samba Financial Group’s $5 billion Euro Medium Term Note (EMTN) program is expected to help diversify sources of funding, and boost the company's ability to finance public and private sector projects, Al Arabiya TV reported, citing chief executive officer Rania Nashar.

“We have listed the bonds in the Irish Stock Exchange, which comes broadly in line with Samba’s strategy as regards the international offering,” she noted.

The Irish Stock Exchange is ranked fourth globally, said Nashar, adding, “We are looking forward for flexible transparency as well as corporate governance regulations, in line with Samba’s requirements.”

Nashar informed that Saudi government notes were also listed on the Irish exchange.

Last Thursday, Samba said it had completed an issue of $1 billion USD-denominated international bonds, under its $5 billion EMTN program.