Saudi shipper Bahri plans 3.9 bln riyal, 10-year sukuk issue
 

DUBAI, March 4 (Reuters) - National Shipping Company of Saudi Arabia (Bahri) plans to sell ten-year sukuk worth 3.9 billion riyals ($1.04 billion) by the end of March, a company executive said on Wednesday. The firm has chosen HSBC, JP Morgan and Samba Capital, the investment banking arm of Samba Financial Group, to arrange the transaction, Mohammad Alotaibi, vice chief executive ******r for finance, told reporters on the sidelines of a marine conference in Dubai. Bahri will use the sukuk proceeds to repay a 3. ...

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