Saudi Arabian Airlines to raise 5 bln riyals in Islamic bonds in Q2

January 24, 2016 4:51 PM

11 0

DUBAI Jan 24 Saudi Arabian Airlines (Saudia), the kingdom's national carrier, plans to raise as much as 5 billion riyals ($1.33 billion) in Islamic bonds (sukuk) in the second quarter to refinance existing debt and purchase new aircraft, an airline official said.

Saudia is in negotiations with local banks, the airline's director-general Saleh al-Jasser was quoted as saying in a Bloomberg interview on the sidelines of the Bahrain airshow.

Also read: Monte Paschi sees 4.8 bln euro loss in 2016 after capital plan

Read more

To category page