PHOTO
Almarai dairy products Head Office is seen in Riyadh, Saudi Arabia July 12, 2018. Faisal Al Nasser, Reuters Image used for illustrative purpose.
Saudi Arabia's food and beverages group, Almarai Company, has raised $750 million from the sale of USD-denominated trust certificates under its $2 billion Trust Certificate Issuance Programme.
In a regulatory filing on the Saudi Tadawul stock exchange on Wednesday, the company said the 10-year sukuk was priced at 5.233% per annum.
The 3,750 certificates sold has a par value of $200,000 and will be listed on the Global Exchange Market of the Irish Stock Exchange plc trading as Euronext Dublin.
(Writing by Brinda Darasha; editing by Seban Scaria)