Saad Group has been rated BBB+ (S&P). STCFSC is one of the two principal companies of the group. Its main activities include construction, real estate and healthcare. STCFSC is a key investor in various sectors, particularly in the Saudi and international banking sector. For several years, BNP Paribas has been one of its strategic partners in investment banking.
The orderbook achieved USD 1 billion within two days, double the targeted size of USD 500 million. European investors took the largest amount with 46%, significant orders also came from the Middle East and from Asia.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization. It has 150 000 employees, almost 120 000 of whom are based in Europe. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centres. Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in emerging markets.