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2/14/24, 4:40 PM Saudi Middle East Healthcare Co begins sale of riyal-denominated sukuk at 7.20%
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SUKUK
Saudi Middle East Healthcare Co begins sale
of riyal-denominated sukuk at 7.20%
The final issuance amount is will be determined later
Staff Writer, ZAWYA
February 12, 2024
Saudi Arabia's Middle East Healthcare Company, the company behind Saudi German
Hospitals, has commenced the public offering of its riyal-denominated sukuk.
The initial issuance amount is 1 billion riyals ($266.7 million) with the final amount to be
determined based on the market condition after the completion of the offer period, the
company said in a statement to Riyadh's Tadawul exchange.
The yield offered is 7.20% per annum payable quarterly while maturity is five years.
https://www.zawya.com/en/islamic-economy/islamic-finance/saudi-middle-east-healthcare-co-begins-sale-of-riyal-denominated-sukuk-at-720-sucgi56d 1/2
