National Industrialization Company announces the completion of the introduction of the first program of its instruments
5/22/2012

National Industrialization Company is pleased to announce that is completed successfully the introduction of the first instruments compatible with Shariah two billion riyals on May 21, 2012, and volume of applications 5.2 billion riyals to cover exceed 260%. The term of the instruments is 7 years from the issue date return variable. These instruments come in a private placement to selected investors in Saudi Arabia where they participated in offering a number of government institutions, insurance companies, investment funds, financial institutions and corporate banking, reflecting the financial solvency of the company and investor confidence and the strength of the Saudi economy.