Islamic Finance
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Saudi National Bank issues 5-year riyal sukuk worth $461mln at 6%
Saudi National Bank issued 1.73 billion Saudi riyals ($461.3 million) in SAR-denominated Additional Tier 1 sukuk at a profit rate of 6%. The 5-year perpetual sukuk will be used to boost its capital in line with the Basel III framework SNB Capital was the sole bookrunner, lead arranger, and lead…
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