Islamic Finance
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Saudi Investment Bank Sells $533m Capital-Boosting Sukuk
Saudi Investment Bank has completed a SAR2 billion ($533.3 million) capital-boosting sukuk issue, it said on Thursday, the latest lender in the kingdom to offer such an instrument to enhance its reserves. The subordinated Islamic bond, which boosts Tier 2 supplementary capital, has a ten-year lifespan and includes an option…
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Click here to read the full story: Gulf News