Saudi Arabia's National Industrialization Company (Tasnee) will begin meeting investors next week ahead of a potential debut Islamic bond, or sukuk, the petrochemicals firm said in a regulatory filing.
HSBC's Saudi Arabian unit has been selected to organise the roadshows, which could lead to a privately-placed transaction, according to a statement published late on Monday.
A number of Saudi entities have priced their first local currency sukuk this year as interest in the country's debt market grows on the back of high investor liquidity and a desire to diversify funding sources away from bank loans.
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