Guidance in the News
16 May 2016 Guidance Capital Markets (DIFC) Ltd closes USD 50 million Sukuk issuance for Al Bayan Group Holding
16 May 2016, United Arab Emirates, Zawya | Guidance Capital Markets (DIFC) Ltd closes USD 50 million Sukuk issuance for Al Bayan Group Holding – One of the first transactions of its kind for private Saudi corporate – US dollar denominated Sukuk through private placement Dubai – Guidance Capital Markets (DIFC) Ltd (Guidance), a subsidiary of Guidance Investments, the investment management and capital markets arm of Guidance Financial Group, announced it had successfully closed a three year Sukuk issuance for the Saudi Arabian conglomerate, (Al Bayan). The USD denominated Sukuk was issued last week through a private placement with three GCC banks, and was led by Guidance, who also acted as financial advisor to Al Bayan. The issuance of this USD dollar denominated Sukuk by Al Bayan is one of the first transactions of its kind, where a private conglomerate in KSA closed a USD dollar Sukuk through a private placement. In 2013, Guidance advised Al Bayan on the establishment of a 1.0 billion Malaysian Ringgit (RM) Sukuk programme and on a first issuance of RM 200 million Sukuk Wakalah as part of the Al Bayan Holding \Sukuk Programme\. The transaction was the first Malaysian Ringgit Sukuk Programme to be established by a Saudi corporate issuer and the first issuance by a Saudi corporate issuer of Malaysian Ringgit denominated sukuk in the Malaysian debt capital markets.