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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)
