Almarai begins issuance of US dollar-denominated trust certificates 

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RIYADH: Saudi Arabia’s diary large Almarai on Tuesday commenced the supply of US dollar-denominated belief certificates maturing in 10 years, in line with a bourse submitting on Tadawul. 

The corporate stated the minimal subscription restrict of the supply was $200,000 and would rise in increments of $1,000. The supply ends Wednesday. 

The meals and beverage main assigned Citigroup, Dubai Islamic Financial institution, HSBC, J.P. Morgan and Commonplace Chartered Financial institution as joint lead managers for the providing. 

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