Saudi Electricity Company hires banks to arrange investor call for potential green sukuk
Saudi Electricity Company has hired banks to arrange an investor call for a potential debut international green sukuk, according to a document from one of the banks seen by Salaam Gateway.
HSBC and MUFG as Green Structuring Advisors along with First Abu Dhabi Bank, HSBC, J.P. Morgan, MUFG and Standard Chartered Bank as Joint Lead Managers, were appointed to arrange a series of fixed income investor calls in Asia, Europe and the Middle East starting Wednesday (September 9).
Green sukuk are Shariah-compliant investments in environmental assets that can include solar parks, renewable transmission and infrastructure, and financing a government green payment or subsidy.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
