Jabal Omar said to have hired banks for sukuk sale in Q1 2018

02/11/2017 Argaam

Jabal Omar Development Co. has picked Bank Albilad and GIB Capital to manage a sukuk sale in Q1 2018, Reuters reported on Wednesday, citing unnamed sources with knowledge of the matter.

 

The issue could raise over SAR 4 billion ($1.07 billion).

 

Jabal Omar could raise the funds through one or two sukuk issues, one of the sources added. 

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