Al-Khodari agrees SR245m of Islamic credit facilities

Saudi construction company Al-Khodari Sons has agreed SR245m ($65.3m) of Islamic credit facilities with Al-Rajhi Bank. Al Khodari will use the money to provide bonding commitments, fund capital requirements and working capital needs for both specific projects and general businesses.

  • 25 Apr 2012
The facilities are secured by promissory notes and proceeds of the financed projects. According to a bourse filing, 61% of the facilities will be murabaha (funded) and 39% are for multi-bonds and documentary credit until the expiry of the agreement. This may be renewed after the end of ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jan 2017
1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%