Almarai won the award for the Best Islamic Loan in 2023
Almarai Company won the Best Islamic Loan Award for 2023 in the Kingdom of Saudi Arabia for deals concluded in 2022 during a ceremony recently held in the Malaysian capital, Kuala Lumpur, to distribute The Asset Triple A Islamic Finance Awards 2023.
The Almarai deal that won the “2023 Asset Triple A Islamic Finance” award was a long-term Finance acquired from three banks in the Kingdom of Saudi Arabia for the refinancing of the SAR1.6 billion Sukuk redeemed in September 2022.
The Asset Triple A Islamic Finance Awards 2023, an annual trio of Islamic finance awards, represent one of the most prestigious awards in banking, finance, treasury, and capital markets. These awards adopt a rigorous approach to selecting the best Islamic institutions and transactions in various countries.
It is worth noting that Almarai is the largest vertically integrated dairy company in the world and the largest in the production and distribution of food and beverages in the Middle East. It exports its products to the Gulf countries and some Arab countries through a transportation fleet that is the largest in the Middle East.
