Sabic Sets Up Sabic Sukuk Company

摘要

Saudi Basic Industries Corporation(Sabic)has set up a subsidiary.Sabic Sukuk Company,to handle the issue and supervision of Islamic bonds(Sukuks).The first issue to be arranged by Sabic Sukuk Company will be launched this month,or in July at the latest,and will be worth at least SR 1 billion(266.7 million),according to the Chief Financial Officer of Sabic.Mr.Mutlaq al-Morayshid.