IFLR1000

Rawabi Vallianz Offshore Company SR1 billion sukuk issue

1/2/2016
Ijarah, Musharakah, Sukuk
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SR 1 billion

$ 266.645 million

Completed

1/2/2016

Overview:

  • Rawabi Vallianz Offshore Company has undertaken a SR1 billion sukuk (Islamic bond) issue.
  • The sukuk was issued through a Cayman Islands SPV.
  • The deal combined musharaka (partnership finance) and ijarah (capital leasing) structures.
  • Alinma Investment Company, GIB Capital, Saudi Fransi Capital and Alawwal Invest acted as joint lead managers.
  • The company is a joint venture between Rawabi Holding and Vallianz Holdings.

Sam Duke - Editor

Jurisdictions:

Cayman Islands
Saudi Arabia
United Arab Emirates

Deal types:

Ijarah
Musharakah
Sukuk

Practice areas:

Capital markets : Debt
Islamic finance

Industry sector:

Oil and gas

Firms:
Clifford Chance

Party: Rawabi Vallianz Offshore Company (Issuer)

Lawyer: Stuart Ure

Latham & Watkins

Party: Alinma Investment Company (Joint lead manager)

Party: Banque Saudi Fransi (Joint lead manager)

Party: GIB Capital (Joint lead manager)

Party: Alawwal Invest (Joint lead manager)

Lawyers: Harj Rai, Salman Al-Sudairi

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