Guidance in the News
17 May 2016 Guidance Capital Markets closes $50m sukuk issuance for Al Bayan group
17 May 2016, United Arab Emirates, Al Watan, Issue 1 | 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 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