DUBAI May 27 Fawaz Abdulaziz Alhokair Co
, the Saudi Arabian retailer which franchises brands
such as Zara and Marks and Spencer in the kingdom, plans to
issue its debut riyal-denominated sukuk, it said in a bourse
filing on Tuesday.
Alhokair will begin meeting fixed income investors on
Tuesday and has chosen the investment banking arm of Samba
Financial Group to arrange the deal, the filing added.
No value or tenor of the planned sukuk was given in the
Alhokair operates across 20 markets, predominantly in the
Middle East and Commwealth of Independent States.
(Reporting by David French; Editing by Andrew Torchia)