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Al Rajhi Bank gets CMA nod for 60% capital raise to $11bn
Al Rajhi Bank, which is Saudi Arabia’s largest valued bank, was approved by the Capital Market Authority for a capital hike to SR40 billion ($11 billion). The bank is seeking to increase its capital by 60 percent from SR25 billion to support its operations, which it said will “contribute to…
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Click here to read the full story: Arab News