Advanced Petrochemical holds roadshows for new sukuk

22/10/2014 Argaam

The Advanced Petrochemical Company will start meetings with investors for its new private riyal-denominated sukuk as of October 26, a filing to Tadawul said.


The proceeds will be used in general corporate purposes, the company said without specifying a volume or tenure.
 

The company appointed HSBC Saudi Arabia and Riyad Capital to manage the issue.

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