Sipchem’s sukuk debuts trading on Tadawul today

19/07/2011 Argaam

The debut sukuk of Saudi International Petrochemical Company (Sipchem) starts trading on Tadawul today under Symbol 2311.

The five-year Shariah-compliant issue had been priced at SIBOR plus 1.75 percent annual return and was covered by over 300 percent with initial issue volume raised from SAR 1.5 billion to SAR 1.8 billion.

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