Almarai Co would be issuing the first sukuk bond issue with four banks to be arranging the investor meetings.
Saudi Arabia
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The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.
King Abdullah bin Abdul Aziz of Saudi Arabia launched mega investments to create jobs.
Huawei launched their first product on Saudi Arabia in a Riyadh conference last night.
The Islamic Corporation for the Development of the Private Sector and Kolon Group from South Korea has signed an agreement to invest in a pharmaceutical plant in Côte d'Ivoire.
Saudi Arabia funded US$5 billion while UAE offered US$3 billion worth of aid to help Egypt’s struggling economy.
United Arab Emirates would grant Egypt US$3 billion to help the country recover from its devastated economy.
GDF Suez is highly considering taking an active role in a French bid
Zain Saudi has entered into an agreement with the Saudi Arabian Ministry of Finance to defer payment of mobile phone license fees to 2021.
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