The Sukuk (senior secured) has been issued through OREIDCO Sukuk Limited, by way of a private placement in the Kingdom of Saudi Arabia. OREIDCO Sukuk has attracted strong interest from the investors community in the Kingdom, with demand originating from government-owned funds, banks, asset managers, corporates and insurance companies. The Sukuk, priced at six-month SAIBOR 1.7%, has helped OREIDCO achieve its objective of diversifying its sources of financing and in extending the liability profile. OREIDCO plans to use the Sukuk proceeds for meeting its requirements for capital investment and for general corporate purposes.
GIB Capital, NCB Capital and Saudi Fransi Capital acted as Joint Lead Managers and Joint Book Runners on the transaction.
OREIDCO (via its subsidiaries) is engaged in the development and operation of retail shopping malls in the Kingdom of Saudi Arabia as well as providing entertainment and leisure amenities in Saudi Arabia, UAE, Egypt and other neighbouring markets. It also owns and operates food and beverage outlets in some of its retail shopping malls.
Introducing an essential new addition to MEA Market’s roster of awards, the inaugural Middle East CEO of the Year Awards 2023!
Visit our awards hereMEA Markets is proud to announce the return of the MEA Business Awards 2023, which stands as a testament to the remarkable achievements of businesses spanning the Middle East and Africa region! This prestigious awards programme returns for its seventh year and aims to recognize and laud outstanding performers across a spectrum of industries, encompassing finance, technology, energy, healthcare, and more. Through this platform, excellence, innovation, and exemplary leadership are brought to the forefront.
Visit our awards hereMEA Markets is excited to announce that we are set to host the UAE Business Awards for an eighth consecutive year! The 2024 programme will look to recognise the top performing companies across the various key sectors that make up the UAE’s diverse and evolving industry market.
Visit our awards hereWe have packages to suit everyone. Let us help work out which one would suit your needs!