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Baker & McKenzie Acts for Almarai in Sukuk Issuance
U.S. company Baker & McKenzie has acted for Almarai Company on the establishment of a $613.3 million (SR2.3 billion) sukuk program and inaugural issuance of a $266.7 million (SR1 billion) sukuk. A sukuk program effectively allows a company to raise money by launching sukuk into the market quickly and efficiently,…
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