Saudi mall operator Arabian Centres intends to issue U.S. dollar-denominated sukuk, it said on Tuesday, in a reopening of a transaction that raised $650 million in April.

Arabian Centres hired Goldman Sachs International and HSBC as joint global coordinators and bookrunners, the company said in a stock exchange filing.

The new sukuk issue “will form part of the same series” as the Islamic bonds sold in April. The potential issuance is subject to market conditions and authorities’ approval, Arabian Centres said.


Source Zawya