RIYADH: Saudi-based dairy giant Almarai has completed the issuance of a SR1.6 billion ($426 million) sukuk, as of Sep. 16, it said in a bourse filing.
The sukuk, which offered a floating rate coupon, was offered to professional investors in the Kingdom for a period of seven years.
The financial results of this transaction are expected to be disclosed in the third quarter of 2022, it said.
Earlier, the dairy giant reported a first half net profit of SR940.8 million, up eight percent from SR868 million the previous year.
