Guidance in the News

6 March 2016 Guidance Investments subsidiary, Guidance Capital Markets (DIFC) Ltd, closes USD 50 million Sukuk issuance for Al Bayan Group

06 March 2016, Kuala Lumpur, Asia Pacific | A subsidiary of Guidance Investments, the investment management and capital markets arm of Guidance Financial Group, Guidance Capital Markets (DIFC) Ltd (Guidance), announced it had successfully closed a three-year Sukuk issuance for Saudi Arabian conglomerate, Al Bayan Group Holding Company (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.

This is the second time Guidance and Al Bayan have led the market with unique Sukuk issuance. In 2013, Guidance advised Al Bayan on the establishment of a 1.0 billion Malaysian Ringgit (RM) Sukuk program 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 suck in the Malaysian dept capital markets.

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