Mubasher: GFH Financial Group has acted as the joint lead managers and bookrunners for the issuance of a $500 million sukuk by Arabian Centres Company (Cenomi Centers), according to a press release.
The five-year offering registered a total order book exceeding $1.60 billion, with a 3.2X oversubscription. The issuance attracted global investors from Asia, the Middle East, Europe, and North America.
Ahmed Rahman Jamsheer, Head of Treasury Investments at GFH, said: “Through this issuance, we are pleased to support Cenomi’s vision to provide its customers in the Kingdom with world-class lifestyle propositions.”
“In alignment with Saudi Vision 2030, GFH is dedicated to helping deliver infrastructure and other strategic projects that contribute to the Kingdom’s economic diversification and growth,” Jamsheer added.
Frederik Foussat, CFO at Cenomi Centers, commented: “This is a strategic transaction as we continue to execute on our corporate finance strategy to enable us to drive forward our growth journey during this very exciting time of opportunity and transformation in the Kingdom of Saudi Arabia..”
Last month, the cross-listed company unveiled plans to trade its shares on the Saudi Exchange (Tadawul).
