Arabian Centres to meet global investors for potential international sukuk issuance

24/03/2021 Argaam

Logo of Arabian Centres Co.

Arabian Centres Co. will hold a series of virtual fixed income investor meetings starting today, March 24, 2021, in Hong Kong, Singapore, the United Arab Emirates, London and New York, for potential international Shariah-compliant sukuk issuance, the company said in a bourse statement.

 

Credit Suisse, Goldman Sachs International and HSBC were mandated as joint global coordinators, responsible for coordinating the activities of lead managers and underwriters on the transaction.

 

Credit Suisse, Goldman Sachs International, HSBC, J.P. Morgan, Kamco Investment Company, Warba Bank and Albilad Capital have been appointed as joint bookrunners on the transaction.

 

Earlier today, the company said that it intends to issue dollar-denominated Shariah-compliant sukuk. The number and value of any sukuk to be offered will be determined based on market conditions and the company’s financial condition, funding requirement and strategy, according to data compiled by Argaam.

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