Riyadh – Mubasher: RAWABI Vallianz Offshore Services (RVOS), an equally-owned joint venture between Rawabi Holding and Vallianz Holdings Limited, announced the launch of its first Sharia-compliant sukuk issuance worth SAR 1 billion.
The company has appointed Alinma Investment Co., Saudi Fransi Capital, Saudi Hollandi Capital and GIB Capital LLC as joint lead managers and book-runners for its first issuance of sukuk.
The sukuk were sold through a private placement to sophisticated investors in full and are to be used to partially finance the marine assets of RVOS over a period of five years, the company added.
