SNB kicks off SAR-denominated AT1 sukuk sale
Minimum subscription is set at SAR 1 mn
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Minimum subscription is set at SAR 1 mn
Some 36 startups landed angel investments at the event’s Investor Ring platform
The firm is also looking to raise SAR 18 bn from local banks by year’s end
The agreements include a SAR 3 bn SME financing portfolio with Riyad Bank
The planned bond issuance is aimed at raising capital for the company’s upcoming projects
The funds are earmarked for aircraft purchases and working capital requirements
The issuance was structured in five tranches
Bahri had paid 10% of the USD 1 bn contract for the new vessels upfront
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