Al-Rajhi Cement to issue bonds

Al-Rajhi Cement to issue bonds
Published: 26 April 2011

Dubai-based Al-Rajhi Cement Holding said the company has issued JOD85m (US$119m) Islamic bonds for its unit in Jordan which are being managed and arranged by Capital Investments.

A premier investment bank based in Jordan, Capital Investments, said the seven-year sukuk was subscribed for by a number of leading Islamic and commercial banks.

These include Capital Bank, Cairo Amman Bank, Islamic International Arab Bank, Union Bank, Jordan Kuwait Bank, Bank of Jordan, and Arab Islamic Bank, said a company statement.