"Saudi Binladin Group (SBG), one of the largest construction firms in the Kingdom, has completed a SR1 billion ($266.7 million) Islamic bond sale, two bankers familiar with the matter said.
The transaction, structured as a sukuk al-murabaha, has a one-year lifespan and pays a profit rate of 2.5 percent, the sources said, speaking on condition of anonymity.
A murabaha is a Shariah-compliant cost-plus-profit arrangement. Binladin Group was not immediately available for comment."
'via Blog this'
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