Home GCC Saudi Arabia Al Marai Launches Sukuk Roadshow The Gulf’s biggest dairy firm by market value, plans to start a roadshow this week. by Alicia Buller February 19, 2012 Saudi Arabia’s Almarai Co, the Gulf’s biggest dairy firm by market value, plans to start a roadshow this week to issue a riyal denominated sukuk, or Islamic bond, the firm said in a bourse statement on Saturday. “Subject to market conditions, Almarai will hold several meetings this week with interested investors,” the firm said in the statement. Almarai has mandated HSBC to act as arranger, the statement added. Last year, Almarai got shareholder approval for an Islamic bond sale and also said it plans to invest 4 billion riyals ($1.1 billion) in the poultry sector. Almarai announced plans in December to increase its capital by 73.9 percent to 4 billion riyals ($1 billion) from 2.3 billion riyals. Tags Breaking News 0 Comments You might also like 19 injured after fire breaks out in a building in Abu Dhabi Two killed and over 100 injured in Abu Dhabi gas explosion Dubai’s DIFC Authority To Split Into Two Entities Syrian Defence Minister Killed