SAUDI ARABIA: Rawabi Holding has concluded its Sukuk issuance worth SAR1.2 billion (USA$319.74 million). The transaction was upsized after the coverage exceeded 2.8 times the initial issuance size.
Albilad Capital, Alinma Investment, Al Rajhi Capital and Riyad Capital acted as the joint lead managers and bookrunners for the transaction. Simmons & Simmons Middle East acted as the transaction advisor.
