Saudi producer National Petrochemical Company has started meeting investors to gauge interest in its sukuk issue
National Petrochemical Company (NPC) is planning its first sukuk (Islamic bond) issue.
The firm has started meeting investors to gauge interest for the issue and is offering it to sophisticated, Saudi-based investors.
Riyad Capital and Deutsche Securities have been appointed as lead managers.
The company, listed on the Saudi Stock Exchange (Tadawul) started up additional production units in 2013, decreasing its losses by 86 per cent in 2013 to $17.6m, from $123.7m in 2012. This helped the producers market capitalisation to grow to $3.6bn in March 2014.
You might also like...
UAE suspends operations at Habshan gas complex
20 March 2026
Dubai seeks consultants to develop drainage strategy
18 March 2026
Oman awards power purchase agreements
18 March 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
