Published on November 4, 2014
Saudi Arabia's Advanced Petrochemical Co. has met investors ahead of a potential sale of a sukuk dominated in riyals. The size and pricing of the Islamic bond will be decided on the basis of market conditions.Funds would be arranged by HSBC Saudi Arabia and the investment banking arm of Riyad Bank.If Advanced completes an issue then it would be a debut sukuk transaction from the petrochemical company.
