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Saudi Aramco appoints banks for sukuk
24 August 2011: Saudi Aramco and France's Total have appointed Deutsche Securities Saudi Arabia, Samba Capital and Saudi Fransi Capital as lead managers and joint bookrunners for the sukuk which will finance the Jubail refinery project. The total size of the sukuk open only to Saudi nationals or those registered in the country was not disclosed but has been previously indicated at $1bn (approx Rs 4,550 crore). The offering period starts on 10 September 2011 and will last for 16 days.
Source: Ameinfo